15th Finance Commission Current Affairs, GK & News

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 released in accordance with the Article 275 of the Indian constitution. Under, article 275, post ..

Month: 

Category: 

Topics: 

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 in financial year 2021-2022. Andhra Pradesh, Haryana, Assam, Himachal Pradesh and Karnataka are among 17 ..

Month: 

Category: 

Topics: 

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. However, the Finance Commission also provides a mechanism for compensation of any loss incurred by ..

Topics: 

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 tabled in Parliament along with Budget 2020-21. The final report for Financial Year 2021-22 to ..

Month: 

Category: 

Topics: 

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 current financial year. The grant has been released after the states provided the Utilisation Certificate ..

Month: 

Category: 

Topics: