Revenue Deficit Grant For Kerala
Venugopal On Twitter Rs 6 195 08 Crore On Account Of Revenue Deficit Grant Under 15th Finance Commission Recommendations To 14 State Kerala Tops In The List Hope We Won T Hear Any More Cry
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The centre has released rs 6 195 crore to 14 states as monthly instalment of post devolution revenue deficit grant.
Revenue deficit grant for kerala. Kerala had been looking forward for a support in this regard since it is. Based on the 15th finance commission interim recommendations the govt has released rs 6 195 08 crore to 14 states on account of the eighth equated monthly installment of post devolution revenue deficit grant office of finance minister nirmala sitharaman tweeted on tuesday. The centre has released rs 6 195 crore to 14 states as monthly instalment of post devolution revenue deficit grant. The ufc had recommended post devolution revenue deficit grants for 14 states in 2020 21.
Post devolution revenue deficit grants is a mechanism provided by the finance commission for compensation of any loss incurred by states from the centre. This finance commission grant forms the second largest chunk of finance commission transfers after the assistance to local rural bodies. The commission proposed giving 1 943 per cent of the central tax revenue to the state. Andhra pradesh received rs 491.
Centre releases rs 6 195 08 crore to 14 states as revenue deficit grant the highest amount was released to kerala at rs 1 277 crore followed by rs 952 crore to himachal pradesh and rs 638 crore. The government on september 10 2020 released rs 6 195 08 crore to. The grant is awarded to states that bear the burden of persistent deficit for bridging the revenue and expenditure gap. Of the 14 states the maximum grant in aid has gone to kerala an amount of 1 277 crore followed by himachal pradesh with revenue deficit grant of rs 953 crore.
This share would come up to rs 16 616 crore. The 15th finance commission has recommended to the union government that kerala be given rs 15 323 crore out of its tax revenues to meet the latter s estimated revenue deficit for the financial year 2020 21.
Centre Releases Rs 6 195 08 Crore To 14 States As Revenue Deficit Grant
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Govt Releases 6 195 Cr To 14 States As Revenue Deficit Grant
Govt Releases Rs 6 195 Crore To 14 States As Post Devolution Revenue Deficit Grant
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Govt Releases Rs 6 195 Crore To 14 States As Eighth Instalment Of Revenue Deficit Grant
