Finance Ministry releases monthly installment of PDRD Grant of Rs 9,871 crore to states

The Finance Ministry today released the 7th monthly installment of Post Devolution Revenue Deficit (PDRD) Grant of  9,871 crore rupees to the states. With the release of this installment, a total amount of  69,097 crore rupees has been released to states as PDRD in the current financial year. The grants are released as per the recommendations of the Fifteenth Finance Commission in monthly installments to meet the gap in revenue accounts of the states post devolution.   The Commission has recomme...