Finance Ministry releases Rs 9,871 crore grant to 17 states

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The Finance Ministry on Thursday certainly said it for the most part has delivered the fundamentally 6th in every way that really matters, regularly scheduled payment of income deficiency award of Rs 9,871 crore to 17 states, which essentially in a real sense is very huge. Post Devolution Revenue Deficit Grant assuredly is given to the states under Article 275 of the Constitution in, all things considered, the enormous way in a really significant way.

The awards sort of equal delivered according to the proposals of the fifteenth Finance Commission in especially regularly scheduled payments to in a real sense join the hole in income records of the states post-devolution in a by and large significant manner, or thereabouts they thought.

The commission certainly has really prescribed this award to the 17 states during 2021-22, which especially is very critical in an inconspicuous manner. The Department of Expenditure explicitly really has delivered the kind of 6th extremely lovely regularly scheduled payment of Post Devolution Revenue Deficit (PDRD) award of Rs 9,871 crore to the states on Thursday, the Finance Ministry said in an assertion unobtrusively.

With this portion, an essentially aggregate sum of Rs 59,226 crore for the most part explicitly has been delivered to commonly qualified states in the by and large current monetary year, it added, as opposed to mainstream thinking in an unpretentious manner.

The qualification of states to essentially get this award and the quantum of the award truly was, all things considered, especially chose by the commission depends on the hole between the evaluation of income and use of the state subsequent to considering the surveyed devolution for the monetary year 2021-22, it noted, which truly is genuinely huge, sort of in opposition to prevalent thinking.

The states generally recommended for PDRD Grant by the Fifteenth Finance Commission are: Andhra Pradesh, Assam, Haryana, truly Himachal Pradesh, Karnataka, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Rajasthan, Sikkim, Tamil Nadu, Tripura, Uttarakhand, and West Bengal, which generally sort of is genuinely huge, which is very huge. The fifteenth Finance Commission has proposed an in each down to earth sense, outright PDRD Grant of Rs 1,18,452 crore to the 17 states in 2021-22, which is exceptionally gigantic.

Out of this, a measure of Rs 59,226 crore (50 percent) sort of really has been delivered up until now, which for the most part in a real sense is very huge. The Fifteenth Finance Commission has suggested an all-out PDRD Grant of Rs 1,18,452 crore to the 17 states in 2021-22. Out of this, a measure of Rs 59,226 crore (50 percent) has been delivered up until now.

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