Page 4 - Post Devolution Revenue Deficit News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Kohima, Aug. 3 (EMN): The department of Expenditure, Ministry of Finance on Wednesday released INR 377.50 crore for Nagaland, as part of the 5th monthly installment of the Post Devolution Revenue Deficit (PDRD) grant. This instalment has taken the total amount to INR 1887.50 crore of the total PDRD grant released to the state during 2022-23. The PDRD grant recommended by the 15th Finance Commission for the year 2022-23 for Nagaland is INR 4,530 crore. The department has released a total of INR 7,183.42 crore to 14 states. It also stated that the 15th Finance Commission has recommended a total of INR 86, 201 crore PDRD grant to 14 states for the financial year 2022-23. The grant is released by the department of Expenditure to the recommended states in 12 equated monthly installments. With the release of the 5th instalment for the month of August, the total amount of revenue deficit grants released to the states in 2022-23 has gone up to INR 35,917.08 crore. The PDRD grant

Ministry of finance onPost devolution revenue deficitFinance commissionPost devolution revenue deficit grant