Centre Releases 8th Instalment Of Revenue Deficit Grant Of Rs 7,183 Crore To 14 States
2 years, 1 month ago

Centre Releases 8th Instalment Of Revenue Deficit Grant Of Rs 7,183 Crore To 14 States

News 18  

The central government has released the eighth monthly instalment of Post Devolution Revenue Deficit Grant of Rs 7,183.42 crore to 14 States, including Andhra Pradesh, Manipur, Meghalaya, Punjab and West Bengal among others for November, the Finance Ministry said in a statement on Monday. The Fifteenth Finance Commission has recommended a total Post Devolution Revenue Deficit Grant of Rs 86,201 crore to 14 States for the financial year 2022-23. Top showsha video “With the release of the 8th instalment for November, this year, the total amount of Revenue Deficit Grants released to the States in 2022-23 has gone up to Rs 57,467.33 crore," mentioned in the release. The states that have been recommended for Post Devolution Revenue Deficit Grant for the eighth instalment by the Fifteenth Finance Commission during 2022-23 mentioned by the Ministry are Andhra Pradesh, Assam, Himachal Pradesh, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Rajasthan, Sikkim, Tripura, Uttarakhand, and West Bengal.

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History of this topic

State Revenue Collection: A Mixed Bag
2 months ago

State Revenue Collection: A Mixed Bag

Deccan Chronicle  

The state government's revenue receipts have shown a mixed performance in the first half of the current fiscal year 2024-25. While tax revenue earnings have been impressive, non-tax revenue collections have been disappointing. The state has incurred a significant amount of loans and other liabilities, which has impacted its revenue inflows. Despite these challenges, the state has managed to achieve …

Centre releases ₹1.39 lakh crore to states in June
6 months, 1 week ago

Centre releases ₹1.39 lakh crore to states in June

Live Mint  

The Central government has devolved ₹1.39 lakh crore to states as devolution of its tax revenue in June, finance ministry stated on Monday. Centre devolves 41% of its tax revenue to state governments as part of the formula set by the Finance Commission. The Commission also examines the development needs of states and trends like tax buoyancy and major obligations …

Govt releases ₹72,961 crore as tax devolution to states; UP tops allocation
1 year, 1 month ago

Govt releases ₹72,961 crore as tax devolution to states; UP tops allocation

Live Mint  

The central government on Tuesday, November 7 authorised the release of tax devolution of ₹72,961.21 crore to state governments for November 2023 - three days ahead of schedule. “The Union Government has authorised the release of tax devolution of Re 72,961.21 crore to State Governments for the month of November 2023, on 7th November instead of the usual date 10th …

Centre releases Rs 95,082 cr to states as tax devolution for January
2 years, 11 months ago

Centre releases Rs 95,082 cr to states as tax devolution for January

India TV News  

Highlights Govt released Rs 95,082 crore to states with advance instalment of tax devolution of Rs 47,541 crore This is almost double their respective entitlement during the month of January. Uttar Pradesh will receive Rs 17,056.66 crore, Uttarakhand will get Rs 1,063.02 crore ahead of polls The government on Thursday released a total of Rs 95,082 crore to states with …

Centre releases Rs 95,082-cr to states as November tax devolution, says finance ministry
3 years, 1 month ago

Centre releases Rs 95,082-cr to states as November tax devolution, says finance ministry

Firstpost  

The increased amount of devolution in November is an advance release, and final adjustments will be made in March 2022 New Delhi: The Centre has released two instalments of tax devolution to the states amounting to Rs 95,082 crore in November, the finance ministry said on Tuesday. After a meeting with all chief ministers and state finance ministers recently, Union …

Covid-19 Management: Centre Releases Rs 8,923 Cr to 25 States as Grants for Rural Local Bodies
3 years, 7 months ago

Covid-19 Management: Centre Releases Rs 8,923 Cr to 25 States as Grants for Rural Local Bodies

News 18  

The finance ministry on Sunday said it has released Rs 8,923 crore to 25 states for providing grants to the rural local bodies for various prevention and mitigation measures needed to combat the Covid-19 pandemic. The Department of Expenditure, Ministry of Finance, on Saturday released an amount of Rs 8,923.8 crore to 25 states for providing grants to the rural …

Finance Ministry Releases Rs 45,000 Crore to States as Additional Devolution on Buoyant Q4 Revenue Mop-up
3 years, 8 months ago

Finance Ministry Releases Rs 45,000 Crore to States as Additional Devolution on Buoyant Q4 Revenue Mop-up

News 18  

The Finance Ministry on Thursday said it has released Rs 45,000 crore to the states as additional devolution in the 2020-21 fiscal following revenue buoyancy in the March quarter. However, the Finance Ministry has devolved an amount of Rs 5,94,996 crore, based on the initial estimates of the shareable pool that would be collected in 2020-21, the ministry said in …

FinMin releases ₹45,000 crore to States as additional devolution on buoyant Q4 revenue mop-up
3 years, 8 months ago

FinMin releases ₹45,000 crore to States as additional devolution on buoyant Q4 revenue mop-up

The Hindu  

The Finance Ministry on Thursday said it has released ₹45,000 crore to the States as additional devolution in the 2020-21 fiscal following revenue buoyancy in the March quarter. As per the Revised Estimates for 2020-21, ₹5,49,959 crore, being 41 per cent of the shareable pool of taxes and duties were estimated to be released to the states. However, the Finance …

Centre Released Over Rs 3,024 Crore under Nirbhaya Fund to States and UTs, Says Govt
4 years, 3 months ago

Centre Released Over Rs 3,024 Crore under Nirbhaya Fund to States and UTs, Says Govt

News 18  

New Delhi: The Centre has released an amount of over Rs 3,024 crore under the Nirbhaya fund out of which states have utilised around Rs 1,919 crore, the Women and Child Development Ministry said on Friday. Responding to a question in the Lok Sabha, Women and Child Development Minister Smriti Irani gave out state-wise data of release and utilization of …

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