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Excelsior Correspondent JAMMU, Oct 10: Ahead of  3rd outreach program of Union Ministers,  the All Jammu and Kashmir Panchayat Conference (AJKPC) today reminded the Government about promises made to people during earlier two such programs in J&K. AJKPC, an organization working for the welfare of elected Panchayat members and for strengthening the local self bodies has asked the Government to fulfil the promises made by the Union Ministers during their two visits to different villages and blocks of Jammu and […]

The central government on Thursday released Rs 7,183.42 crore as post-devolution revenue deficit grant to 14 states including Kerala, Punjab, Rajasthan, Himachal Pradesh and West Bengal.

Our Reporter Dimapur, Oct. 6 (EMN): Nagaland received an amount of INR 377.50 crore on Thursday as the 7th instalment of Post Devolution Revenue Deficit (PDRD) grant from the department of Expenditure, Ministry of Finance. The Ministry of Finance stated that the grant has been released as per the recommendations of the 15th Finance Commission to 14 states for the financial year 2022-23. The states will get a total revenue deficit grant of INR 86,201 crore in 2022-23. The recommended grant is released by the department of Expenditure to the recommended states in 12 equated monthly instalments. ...

Union Finance Minister Nirmala Sitharaman on Monday criticised states seeking greater funds from the Central government on the basis of the fact that they generated more revenue.

New Delhi: Finance minister Nirmala Sitharaman has said that the Centre-state fiscal relation is not a transactional one and that the devolution of central taxes to states as decided by Finance Commissions is geared for the overall development of the country