The Business Bytes
TBB BUREAU
NEW DELHI, SEPT 06, 2022
Following recommendation of the 15th Finance Commission, the Union Finance Ministry on Tuesday released the sixth monthly instalment of Post Devolution Revenue Deficit (PDRD) grant of Rs 7,183.42 crore to 14 states.
The Commission has recommended a total PDRD grant of Rs 86,201 crore to 14 states for 2022-23., which is released by the Department of Expenditure in 12 equated monthly instalments.
With the release of sixth instalment for September, the total amount of grant released to the states in FY2022-23 has gone up to Rs 43,100.50 crore.
The states which have been recommended for the current fiscal are Andhra Pradesh, Assam, Himachal Pradesh, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Rajasthan, Sikkim, Tripura, Uttarakhand and West Bengal.
