15th Finance Commission
Finance Ministry releases Revenue Deficit Grants to States
Finance Ministry released the sixth monthly instalment of revenue deficit grant of Rs 9871 crores to 17 states, on September 9, 2021. Highlights Grants were released on the recommendations of 15th Finance Commission to 17 states for 2021-22. Grants were ..
Month: Current Affairs - September, 2021
Finance Ministry releases Revenue Deficit Grant To 17 States
Union Finance Ministry has released fourth monthly instalment of revenue deficit grant of ₹ 9,871 crore to 17 states. Highlights With this release, Centre has released a total of ₹ 39,484 crore to all eligible states as revenue deficit grant ..
Month: Current Affairs - July, 2021
Post Devolution Revenue Deficit Grant
Post Devolution Revenue Deficit Grants are provided to the States under Article 275 of the Constitution. Near about a third of the total revenue collected by the Centre is directly transferred to states as their share in the divisible pool. ..
15th Finance Commission’s final report
The Fifteenth Finance Commission of India have submitted its final report fir a five-year duration. The report has been submitted with the objective of transforming the financial governance of India’s municipalities. Background The interim report for Financial Year 2020-21 was ..
Month: Current Affairs - February, 2021
Finance Ministry releases grants to Rural Local Bodies
The Department of Expenditure of Ministry of Finance has recently released Rs 12,351 crore to 18 States in order to provide grants to the Rural Local Bodies. Highlights The amount is the 2nd instalment of basic grants released in the ..
Month: Current Affairs - January, 2021
Fifteenth Finance Commission Report: Key Highlights
The Fifteenth Finance Commission headed by N K Singh is to submit its report the President of India. Key Recommendations The recommendations made by the commission are as follows The Commission has recommended that the states shall get 41% of ..