Monday, May 16, 2022
News

Centre releases Rs 9,871 crore revenue deficit grant to 17 states

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

New Delhi | January 6, 2022 3:20:50 PM IST
The Central government on Thursday released Rs 9,871 crore as revenue deficit grant to 17 states including Andhra Pradesh, Kerala, Rajasthan, Punjab and West Bengal.

This was the 10th instalment of the Post Devolution Revenue Deficit (PDRD) grant released to the states.

So far, an amount of Rs 98,710 crore has been released to eligible States as Post Devolution Revenue Deficit Grant in the current financial year, Union Finance Ministry said in a statement.

The Post Devolution Revenue Deficit Grants are provided to the States as per the recommendations of the Fifteenth Finance Commission to meet the gap in Revenue Accounts of the States post devolution.

The Commission has recommended PDRD grants to 17 States and the same is being released in monthly installments.

The eligibility of States to receive this grant and the quantum of grant was decided by the Commission based on the gap between assessment of revenue and expenditure of the State after taking into account the assessed devolution for the financial year 2021-22.

The Fifteenth Finance Commission has recommended a total Post Devolution Revenue Deficit Grant of Rs 1,18,452 crore to 17 States in the financial year 2021-22. Out of this, an amount of Rs 98,710 crore (83.33 per cent) has been released so far, the Finance Ministry said.

The States that receive Post Devolution Revenue Deficit Grant as per the 15th Finance Commission recommendations are: Andhra Pradesh, Assam, Haryana, Himachal Pradesh, Karnataka, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Rajasthan, Sikkim, Tamil Nadu, Tripura, Uttarakhand and West Bengal. (ANI)

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Rebel Foods deploying real-time cold cha...
The 21st century digital revolution of V...
iStem dermaceutical announces beyond bea...
Cooking up a Storm: Innovative Cookware ...
Shri Keshav Cement & Infra FY22 Sale...
The most decisive platform for the India...
More...
 
INDIA WORLD ASIA
Magisterial probe ordered into firing in...
Four more held in BPSC paper leak case...
Manik Saha sworn-in as new Tripura CM; C...
History forced on us was propaganda of '...
One lakh documents made story of Savarka...
Heat wave over NW, central India, highes...
More...    
 
 Top Stories
National Walnut Day 2022: Here's ho... 
JP Nadda interacts with foreign dip... 
LIC to make stock market debut on T... 
Vinesh, Sakshi, Anshu in India's wr... 
People should be ready to face econ... 
It's a victory for entire nation, s... 
Karnataka: Congress President Shiva... 
From free medical tests to medicine...