FinMin releases Rs 7,183 cr revenue deficit grant to 14 states

AgenciesUpdated: Friday, April 08, 2022, 03:01 PM IST
article-image
The commission had recommended a total Post Devolution Revenue Deficit Grant of Rs 86,201 crore to 14 states for the financial year 2022-23, which will be released in 12 monthly instalments. / Representational image |

The Finance Ministry on Friday said it has released the first instalment of revenue deficit grant of Rs 7,183 crore to 14 states.

The grant has been released as per the recommendations of the 15th Finance Commission to Andhra Pradesh, Assam, Himachal Pradesh, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Rajasthan, Sikkim, Tripura, Uttarakhand and West Bengal.

''The Department of Expenditure, Ministry of Finance, has on Thursday released the 1st monthly instalment of Post Devolution Revenue Deficit (PDRD) Grant of Rs 7,183.42 crore to 14 States,'' the ministry said in a statement.

The commission had recommended a total Post Devolution Revenue Deficit Grant of Rs 86,201 crore to 14 states for the financial year 2022-23, which will be released in 12 monthly instalments.

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.

(With inputs from PTI)

(To receive our E-paper on whatsapp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

Gangster Guru Satam’s son, nephew convicted in 2014 extortion case

Gangster Guru Satam’s son, nephew convicted in 2014 extortion case

Mumbai: Minister Anil Parab reacts to ED raids, says no connection with Sai Resort in Dapoli

Mumbai: Minister Anil Parab reacts to ED raids, says no connection with Sai Resort in Dapoli

Pune: CBI arrests ABIL group chairman Avinash Bhosale in Yes Bank-DHFL scam case

Pune: CBI arrests ABIL group chairman Avinash Bhosale in Yes Bank-DHFL scam case

‘Goodfellas’ star Ray Liotta dies at 67

‘Goodfellas’ star Ray Liotta dies at 67

Mumbai: Police not to arrest Narendra Mehta in disproportionate assets case till May 30

Mumbai: Police not to arrest Narendra Mehta in disproportionate assets case till May 30