The Central authorities on Thursday launched Rs 9,871 crore as revenue deficit grant to 17 states together with Andhra Pradesh, Kerala, Rajasthan, Punjab and West Bengal.
This was the tenth instalment of the Post Devolution Revenue Deficit (PDRD) grant launched to the states.
So far, an quantity of Rs 98,710 crore has been launched to eligible States as Post Devolution Revenue Deficit Grant within the present monetary yr, Union Finance Ministry mentioned in a press release.
The Post Devolution Revenue Deficit Grants are offered to the States as per the suggestions of the (*17*) Finance Commission to meet the hole in Revenue Accounts of the States publish devolution.
The Commission has advisable PDRD grants to 17 States and the identical is being launched in month-to-month installments.
The eligibility of States to obtain this grant and the quantum of grant was determined by the Commission based mostly on the hole between evaluation of revenue and expenditure of the State after taking into consideration the assessed devolution for the monetary yr 2021-22.
The (*17*) Finance Commission has advisable a complete Post Devolution Revenue Deficit Grant of Rs 1,18,452 crore to 17 States within the monetary yr 2021-22. Out of this, an quantity of Rs 98,710 crore (83.33 per cent) has been launched thus far, the Finance Ministry mentioned.
The States that obtain Post Devolution Revenue Deficit Grant as per the fifteenth Finance Commission suggestions are: Andhra Pradesh, Assam, Haryana, Himachal Pradesh, Karnataka, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Rajasthan, Sikkim, Tamil Nadu, Tripura, Uttarakhand and West Bengal.
(Only the headline and movie of this report could have been reworked by the Business Standard workers; the remainder of the content material is auto-generated from a syndicated feed.)
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