Article 275 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 ..




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 ..