write the competition of a municipal corporations
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Municipal Corporations are local level governments in India. It’s also called as Mahanagar Palika, Nagar Palika, Nagar Nigam, City Corporation, etc. A city is administered by a Municipal Corporation if the population of that city exceeds one billion. Municipal Corporations are largely dependent on the property tax collected for their revenue. The other sources of revenue include water tax, professional tax, drainage tax, etc and some fixed aid from the state government. Mumbai Municipal Corporation or Brihanmumbai Municipal Corporation is the richest Municipal Corporation in India. Its budget exceeds than that of some of the smaller states of India.
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