Finance Ministry releases ₹9,871 crore as revenue deficit grant to 17 States
The Hindu
With this second installment, the total amount released during of the first two months of the current financial year has reached ₹19,742 crore.
The Finance Ministry on Thursday released the second monthly instalment of revenue deficit grant of ₹9,871 crore to 17 States. With the release of the second instalment, a total amount of ₹19,742 crore has been released in the first two months of the current financial year as Post Devolution Revenue Deficit Grant to the States, the Ministry said in a statement. The Centre provides the Post Devolution Revenue Deficit Grant to the States under Article 275 of the Constitution.
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