Finance Ministry releases third instalment of revenue deficit grant of Rs 9,871 cr to 17 states
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Finance Ministry releases third instalment of revenue deficit grant of Rs 9,871 cr to 17 statesPTI
Last Updated: Jun 09, 2021, 05:44 PM IST
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With the release of this instalment, total Rs 29,613 crore has been released in the first three months of the current financial year as Post Devolution Revenue Deficit Grant to states.
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The 15th Finance Commission has recommended total PDRD grant of Rs 1,18,452 crore to 17 states in 2021-22. The grant is released to states in 12 monthly instalments.
The Finance Ministry on Wednesday said it has released third monthly instalment of revenue deficit grant of Rs 9,871 crore to 17 states.
Finance Ministry releases Third Instalment of Revenue Deficit Grant to 17 states jagran.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jagran.com Daily Mail and Mail on Sunday newspapers.
Containing deficit at 4% a challenge
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Balagopal will present his maiden Budget in the Assembly on June 4
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Balagopal will present his maiden Budget in the Assembly on June 4
Additional revenue mobilisation to contain the deficit at 4% during the pandemic will be biggest challenge for Finance Minister K.N. Balagopal while presenting his maiden Budget (revised Budget) for 2021-22 in the Assembly on June 4.
As the Finance Minister has to carry forward the Left Democratic Front (LDF)’s goal for a knowledge-based society with strides in modern employment opportunities and industrial growth and consolidate the achievements made in the social sector, the challenge is to tap new revenue sources.
Updated Mar 10, 2021 | 17:36 IST
100 per cent of the amount recommended by the Commission to these 14 states has been released by the central government. FinMin releases final instalment of Rs 6,194 cr revenue devolution grant to states | Photo Credit: BCCL
New Delhi: The Finance Ministry on Wednesday released the 12th and final monthly instalment of revenue deficit grant of Rs 6,194 crore to the states. With the release of this instalment, a total amount of Rs 74,340 crore has been released to eligible states as Post Devolution Revenue Deficit (PDRD) Grant in the current financial year, the ministry said in a statement.
The Post Devolution Revenue Deficit Grants are released in monthly instalments 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 14 states.