Revenue Deficit Grant

Finance Ministry has released the revenue deficit grant worth Rs 7,183 crore to 14 states as per the recommendation of the 15th Finance Commission

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

Finance Ministry has released the monthly instalment of Rs 9,871 crore to 17 states under the post devolution revenue deficit grant

The 15th Finance Commission had recommended a total revenue deficit grant of Rs 1,18,452 crore to 17 states in 2021-22.

A total of Rs 1,18,452 crore in terms of grant has been suggested by the 15th Finance Commission for 2021-22, to 17 states.

The Centre on Thursday informed the Andhra Pradesh High Court that it has released Rs 22,111.88 crore as post-devolution revenue deficit grant and another Rs 16,510 crore under different heads, including capital city development, to the state during 2014-20.

Budget 2020: Effective revenue deficit is defined as the difference between revenue deficit and grants for creation of capital assets.

The West Bengal government has suggested an alternative formula to the 15th Finance Commission for devolution based on locational complexities, social backwardness, continuation of revenue deficit grants and others, an official statement said on Wednesday.

Finance Ministry has released the revenue deficit grant worth Rs 7,183 crore to 14 states as per the recommendation of the 15th Finance Commission

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

Finance Ministry has released the monthly instalment of Rs 9,871 crore to 17 states under the post devolution revenue deficit grant

The 15th Finance Commission had recommended a total revenue deficit grant of Rs 1,18,452 crore to 17 states in 2021-22.

A total of Rs 1,18,452 crore in terms of grant has been suggested by the 15th Finance Commission for 2021-22, to 17 states.

The Centre on Thursday informed the Andhra Pradesh High Court that it has released Rs 22,111.88 crore as post-devolution revenue deficit grant and another Rs 16,510 crore under different heads, including capital city development, to the state during 2014-20.

Budget 2020: Effective revenue deficit is defined as the difference between revenue deficit and grants for creation of capital assets.

The West Bengal government has suggested an alternative formula to the 15th Finance Commission for devolution based on locational complexities, social backwardness, continuation of revenue deficit grants and others, an official statement said on Wednesday.