The Ministry of Finance has released 11th monthly Post Devolution Revenue Deficit (PDRD) Grant of Rs 9,871 crore to 17 States.
A total PDRD Grant of Rs 1,18,452 crore to 17 States has been recommended by the 15th Finance Commission to meet the gap in Revenue Accounts of the States post devolution. The grants are released in monthly instalments to 17 States in the financial year 2021-22.
Out of this, so far, an amount of Rs 1,08,581 crore (91.6%) has been released to eligible States as Post Devolution Revenue Deficit Grant in the current financial year.
Till previous month the figure of grant released was Rs 98,710 crore.
Click here for official press release:
Knowledge Source :
RBI Cautions Against Unauthorized Forex Trading Platforms