5th monthly installment of Post-Devolution Revenue released

Department of Expenditure under the Ministry of Finance has released 5th monthly installment of Post-Devolution Revenue Deficit, PDRD Grant of 9,871 crore rupees to the states yesterday. With the release of this installment, a total amount of 49 thousand 355 crore rupees has been released to eligible states as Post-Devolution Revenue Deficit Grant in the current financial year. The Post-Devolution Revenue Deficit Grant is provided to the states under Article 275 of the Constitution. The grants a...