(ET)
The Department of Expenditure under the Finance Ministry on Monday released the eight monthly instalment of the Post Devolution Revenue Deficit (PDRD) grant of Rs 7,183.42 crore to fourteen states as per the recommendations of the Fifteenth Finance Commission.
The commission recommended a total PDRD grant of Rs 86,201 crore to the fourteen states for the ongoing financial year. With the release of the eighth instalment for the month of November 2022, the total amount of revenue deficit grants released to the states so far in FY23 has gone up to Rs 57,467.33 crore, Finance Ministry said in a statement.
