Centre releases revenue deficit grant of Rs 7,183 cr to 14 states

The Commission has recommended a total PDRD grant of Rs 86,201 crore to 14 states for 2022-23.

Rupee, rupee vs dollar
Rupee
IANS New Delhi
1 min read Last Updated : Sep 06 2022 | 11:18 PM IST

The Union Finance Ministry on Tuesday released the sixth monthly instalment of Post Devolution Revenue Deficit (PDRD) grant of Rs 7,183.42 crore to 14 states.

The grant has been released as per the recommendations of the 15th Finance Commission.

The Commission has recommended a total PDRD grant of Rs 86,201 crore to 14 states for 2022-23.

The recommended grant is released by the Department of Expenditure in 12 equated monthly instalments.

With the release of sixth instalment for September, the total amount of grant released to the states in 2022-23 has gone up to Rs 43,100.50 crore.

The states which have been recommended for the current fiscal are Andhra Pradesh, Assam, Himachal Pradesh, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Rajasthan, Sikkim, Tripura, Uttarakhand and West Bengal.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :revenue departmentCentrestates

First Published: Sep 06 2022 | 4:14 PM IST

Next Story