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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.Addressing a CNN-News18 Town Hall event here, she made the comment ...
The central government on Tuesday released Rs 7,183.42 crore as revenue deficit grant to 14 states including Andhra Pradesh, Kerala, Assam, Rajasthan and West Bengal.
The Department of Expenditure, Ministry of Finance on Tuesday released the sixth monthly instalment of the Post Devolution Revenue Deficit (PDRD) Grant of Rs 7,183.42 crore to 14 states.
This article outlines the significance of the decentralisation reforms, which turned the dual federation of India into a multi-tier system, mandating systemic outcomes in democracy, accountability, local economic development, and social justice. It also examines how the grand design to strengthen the process of horizontal equity at the local level failed and probes into the
In the backdrop of the grave financial crisis that state governments are facing currently, Kerala finance minister K.N. Balagopal said his state's net borrowing limits have reduced by Rs 4,000 crore.