Finance Ministry releases 6th monthly installment of Post-Devolution Revenue Deficit grant to States worth Rs 9871 cr

The Finance Ministry today released the 6th monthly installment of Post-Devolution Revenue Deficit grant to the states worth nine thousand 871 crore rupees. A total of 59 thousand 226 crore rupees has been released to the 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 are being released as per the recommendations of the Fifteenth Finance Commission...