An introductory meeting between the state , finance department, the directorate panchayats and urban development department was held recently. The government has reconstituted the thirdState Finance Commissionunder the chairmanship of former finance secretary Daulat Hawaldar, former director of accounts, Gurudas Potekar and director of planning, statistics and evaluation, Y Durga Prasad, who has been appointed as member secretary of the reconstituted body.
The commission will study the scope for Own Source Revenue generation for local bodies, and the distribution of funds amongst the local bodies. Thecommission will also have consultations with local bodies before submitting their report to government.