• Terms and Conditions
  • Privacy Policy
  • DMCA
  • Disclaimer
  • Cookie Privacy Policy
  • Contact Us
Sixsense News
Advertisement
  • Home
  • Business
  • Economy
  • Fintech
  • Finance
  • Insurance
  • Market
  • Startups
No Result
View All Result
  • Home
  • Business
  • Economy
  • Fintech
  • Finance
  • Insurance
  • Market
  • Startups
No Result
View All Result
Sixsense News
No Result
View All Result
Home Business

Finance Ministry releases Rs. 7,183.42 crore as revenue deficit grant to 14 States

Freddie Green by Freddie Green
October 6, 2022
in Business
0


The Department of Expenditure, Ministry of Finance has on Thursday released the 7th monthly instalment of Post Devolution Revenue Deficit (PDRD) Grant of Rs 7,183.42 crore to 14 States. The grant has been released as per the recommendations of the 15th Finance Commission. The 15th Finance Commission has recommended a total Post Devolution Revenue Deficit Grant of Rs 86,201 crore to 14 states for the financial year 2022-23. 

The recommended grant is released by the Department of Expenditure to the recommended States in 12 equated monthly instalments. With the release of 7th instalment for the month of October, 2022, the total amount of Revenue Deficit Grants released to the States in 2022-23 has gone up to Rs 50,282.92 crore. 

The Post Devolution Revenue Deficit Grants are provided to the States under Article 275 of the Constitution. The grants are released to the States as per the recommendations of the successive Finance Commissions to meet the gap in Revenue Accounts of the States post devolution. The States who have been recommended Post Devolution Revenue Deficit Grant by the Fifteenth Finance Commission during 2022-23 are : Andhra Pradesh, Assam, Himachal Pradesh, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Rajasthan, Sikkim, Tripura, Uttarakhand and West Bengal. 

Design: Pragati Srivastava

The eligibility of States to receive this grant and the quantum of grant for the period from 2020-21 to 2025-26 was decided by the 15th Finance Commission based on the gap between assessment of revenue and expenditure of the State after taking into account the assessed devolution during this period. 

Also read: PNB revises its interest rates for super senior citizens by 80 bps on all tenures

Also read: Centre expands collateral-free liquidity limits for civil aviation sector to help struggling airlines



Source link

Related articles

Tech Mahindra Shares Hit 17-Month High On Plans To Consolidate U.S. Units

September 22, 2023

Tesla proposes building battery storage factory in India: Sources

September 22, 2023
Tags: croredeficitfinancegrantMinistryReleasesrevenuestates

Related Posts

Tech Mahindra Shares Hit 17-Month High On Plans To Consolidate U.S. Units

by Rishabh Mishra
September 22, 2023
0

Shares of Tech Mahindra Ltd. hit a 17-month high on Friday after it approved merging Tech Mahindra Credit Solutions Inc....

Tesla proposes building battery storage factory in India: Sources

by Freddie Green
September 22, 2023
0

Tesla has drawn up plans to make and sell battery storage systems in India and submitted a proposal to officials...

SAMHI Hotels debuts on Indian exchanges with a premium By Investing.com

by Investing.com
September 22, 2023
0

© Reuters. SAMHI Hotels, a leading Indian hotel ownership and asset management platform, commenced trading on the National Stock Exchange...

Asian markets mixed after BOJ leaves monetary policy unchanged (USD:JPY)

by Freddie Green
September 22, 2023
0

samxmeg Japan -0.43% BOJ maintained its key short-term interest rate at -0.1% and that of 10-year bond yields at around...

HSBC-backed startup is using AI to help banks fight financial crime

by Freddie Green
September 22, 2023
0

The co-founders of Silent Eight, from left to right: Michael Wilkowski, Julia Markiewicz and Martin Markiewicz.Silent EightWARSAW — When it...

Load More

Tech Mahindra Shares Hit 17-Month High On Plans To Consolidate U.S. Units

September 22, 2023

Tesla proposes building battery storage factory in India: Sources

September 22, 2023

The Art of Posting Real Estate Articles to our Moving Blog

September 22, 2023

Strike ends at Chevron’s Australian LNG facilities By Reuters

September 22, 2023

Britain says may clear restructured Microsoft-Activision deal By Reuters

September 22, 2023

tesla india entry: Buzz over Tesla’s India entry leaves investors excited. Which auto stocks could be in focus?

September 22, 2023
Sixsense News

© 2022 Sixsense News All Rights Reserved.

Navigate Site

  • Terms and Conditions
  • Privacy Policy
  • DMCA
  • Disclaimer
  • Cookie Privacy Policy
  • Contact Us

Follow Us

No Result
View All Result
  • #3158 (no title)
  • Business
  • Economy
  • Finance
  • Fintech
  • Insurance
  • Market
  • Startups

© 2022 Sixsense News All Rights Reserved.