Which english people decentralization in financial administration?
Answers
it is path to achieve subsidiarity,Norms to be followed for decentralization(devolution from state govt to local, administrative reforms)
1. clear link between their votes and consequences in terms of public good it promotes,
2. it promotes fiscal responsibility, resource generation---outcomes in form of better services, (Fiscal prudence, resource mobilisation, greater value for public money),
3. Asymmetry in power(very less % of people in organised sector), and imbalance in its exercise,
4. in centralised structures, citizen participation and ownership are illusory despite national citizen sovereignty, Decentralisation is a potent tool to counter the phenomenal asymmetry in the locus of power and the imbalance in the exercise of power.
Answer:
Notes: Lord Mayo or Lord Naas served as 4th Viceroy of India from 12 January 1869 to 8 February 1872. He started the process of decentralization of finance.