Blog by Tickertape
In Current Events Trends

Finance Ministry Releases ₹ 9,871 Cr As Revenue Deficit Grant

1 Min Read

PDRD

Last Updated on Sep 29, 2021 by Manonmayi

The union government has released the sixth monthly instalment of Post-tax Devolution Revenue Deficit (PDRD) grant of Rs. 9,871 cr to 17 states. The PDRD is provided to the states under Article 275 of the Constitution. These grants are released in monthly instalments in accordance with the 15th Finance Commission’s recommendation to meet the gap in the state Revenue Accounts post devolution. 

So far in the current financial year, including this instalment, a total of Rs. 59,226 cr has been released as PDRD to the states that are eligible. In the latest allotment, the top three recipient states were Kerala (Rs. 1,658 cr), West Bengal (Rs. 1,467 cr) and Andhra Pradesh (Rs. 1,438 cr).

A total PDRD grant of Rs. 1,18,452 cr has been recommended by the Commission to 17 states during 2021-2022, out of which, 50% has been released so far.


Manonmayi
Latest posts by Manonmayi (see all)

Related Posts

guest
0 Comments
Inline Feedbacks
View all comments
Identify the "red flags" in your portfolio
Try Tickertape
Identify the "red flags" in your portfolio
Try Tickertape

The blog posts/articles on our platform are purely the author’s personal opinion and do not necessarily represent the views of Anchorage Technologies Private Limited (ATPL) or any of its associates. The content in these posts/articles is for informational and educational purposes only and should not be construed as professional financial advice. Should you need such advice, please consult a professional financial or tax advisor. The content on our platform may include opinions, analysis, or commentary, which are subject to change, without notice, based on market conditions or other factors. Further, the use of any third-party websites or services linked on the website is at the user's discretion and risk. ATPL is not responsible for the content, accuracy, or security of external sites. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL (in case of IAs) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. The examples and/or securities quoted (if any) are for illustration only and are not recommendatory. Any reliance you place on such information is strictly at your own risk. In no event will ATPL be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

By accessing this platform and its blog section, you acknowledge and agree to the Terms and Conditions of this website, Privacy Policy and Disclaimer.