Live
- GMR Airports Unveils AI-Powered Digital Twin Platform to Transform Airport Operations
- India poised to become leading maritime player: PM Modi
- Top Causes of Kidney Stones and How to Recognize Silent Symptoms
- India’s renewable energy capacity logs 14.2 pc growth at 213.7 GW
- Winter Session of Odisha Assembly adjourned sine die
- Biden calls Trump's tariff approach 'major mistake'
- After Drama Over Eknath Shinde’s Chief Minister Race, Maharashtra Cabinet Formation Faces New Tensions
- Egyptian FM, Blinken discuss recent developments in Syria
- Iran's supreme leader says Syria's developments result of US-Israeli 'plot'
- Elon Musk to Purchase $100 Million Luxury Mansion Next to Donald Trump's Mar-a-Lago, Report Reveals
Centre releases Devolution Revenue Deficit Grant of Rs. 491.41 crore to AP for September 2020
Andhra Pradesh
The central government headed by prime minister Narendra Modi has eleased Rs 6,15,774.95 lakh to 14 states on Thursday devolution revenue deficit grant for the year 2020-21 to provide the aide to cover deficit on the post-devolution amount for the states on the monthly proportionate basis for the month of September 2020.
The central government headed by prime minister Narendra Modi has released Rs 6,195 crore 14 states on Thursday under devolution revenue deficit grant for the year 2020-21 to provide the financial aid to the states to cover deficit on the post-devolution amount for the month of September 2020.
The ministry of finance has said in a statement that these grants were released on the recommendation of the 15th Finance Commission for the instalments of September 2020. As per the Finance Ministry's notification, the Centre has released payments of over Rs 491 crore to Andhra Pradesh. Apart from Andhra Pradesh, Rs 1,276 crore to Kerala, Rs 952 crore to Himachal Pradesh and over Rs 638 crore to Punjab, Rs 631 crore to Assam, Rs 423 crore to Uttarakhand, Rs 417 crore to West Bengal were sanctioned.
The Finance Commission provides financial aid to centre to compensate for any revenue loss incurred by states, which is referred to as post devolution revenue deficit grant. A similar amount was released as grant in April-July period of the current financial year.
