The ministry said an amount of Rs 59,140 crore has been transferred to state governments as devolution of share of taxes by the Centre up to April 2023.
Accusing Congress of practising "appeasement politics," Home Minister Amit Shah on Monday said that the ruling BJP has worked for all-round development of Karnataka and that the Modi government gave 140 per cent more money to the state in five years in terms of tax devolution and grant-in
In the 'Report on Municipal Finances' by the Reserve Bank of India (RBI) released recently, it said while the size of the municipal budgets in India is much smaller than peers in other countries, revenues are dominated by property tax collections and devolution of taxes and grants from upper
According to the finance ministry, this is in line with the commitment of the government of India to strengthen the hands of states to accelerate their capital and developmental expenditure.
New Delhi [India], October 6 (ANI): The central government on Thursday released Rs 7,183.42 crore as post-devolution revenue deficit grant to 14 states including Kerala, Punjab, Rajasthan, Himachal Pradesh and West Bengal.
New Delhi [India], September 6 (ANI): The central government on Tuesday released Rs 7,183.42 crore as revenue deficit grant to 14 states including Andhra Pradesh, Kerala, Assam, Rajasthan and West Bengal.
New Delhi [India], August 10 (ANI): The central government on Wednesday released two instalments of tax devolution to states amounting to Rs 1,16,665.75 crore as against the normal monthly devolution of Rs.58,332.86 crore, the Ministry of Finance said.
New Delhi [India], August 3 (ANI): The Centre has released the fifth monthly instalment of Post Devolution Revenue Deficit (PDRD) grant of Rs 7,183.42 crore to 14 states including Andhra Pradesh, Kerala, Rajasthan, Punjab and West Bengal, the Union Ministry of Finance said on Wednesday.
New Delhi [India], June 6 (ANI): The Union Finance Ministry said on Monday it has released Rs 7,183.42 crore as post devolution revenue deficit grant to 14 states including Andhra Pradesh, Assam, Kerala, Punjab, Rajasthan, Uttarakhand, and West Bengal.
New Delhi [India], May 6 (ANI): The central government on Friday released Rs 7,183.42 crore as revenue deficit grant to 14 states including Andhra Pradesh, West Bengal, Rajasthan, Punjab, Assam and Kerala.
Agartala (Tripura) [India], February 13 (ANI): All India Congress Committee (AICC) in charge for Tripura Ajoy Kumar on Sunday admitted the fact that the Congress party and TTAADC's (Tripura Tribal Areas Autonomous District Council) ruling party Tipraha Indigenous Progressive Regional Allianc