Top
Begin typing your search above and press return to search.
exit_to_app
Outlook for BJP in Kerala
access_time 2021-05-06T11:21:07+05:30
Not Covid deaths, but mass murder
access_time 2021-05-05T10:52:36+05:30
Poll results that carry lessons
access_time 2021-05-04T10:39:06+05:30
The whistles of danger that must be heard
access_time 2021-04-30T11:44:21+05:30
DEEP READ
Iran and the revival of JCPOA
access_time 2021-04-23T13:21:09+05:30
A model mosque in Gujarat
access_time 2021-04-12T17:13:34+05:30
Towards a digital emergency?
access_time 2021-02-27T14:50:41+05:30
The slaughter of democracy in Puducherry
access_time 2021-02-24T11:27:21+05:30
Populist Fascism
access_time 2021-01-31T17:19:29+05:30
Media Freedom
access_time 2021-01-31T15:47:07+05:30
exit_to_app
Homechevron_rightIndiachevron_rightRs 6K cr grant...

Rs 6K cr grant released to help 14 states in Covid fight

text_fields
bookmark_border
Rs 6K cr grant released to help 14 states in Covid fight
cancel
camera_alt

Representational Image, courtesy: https://timesofindia.indiatimes.com

New Delhi (IANS) : In an attempt to assist states effectively address the situation arising out of the Covid-19 pandemic, the Centre on Wednesday released the fifth instalment of their share of revenue deficit grant, amounting to over Rs 6,000 crore.

The grant had been released for 14 states - Andhra Pradesh, Kerala, Himachal Pradesh, West Bengal, Uttarakhand, Tamil Nadu, Punjab, and all northeastern states excluding Arunachal Pradesh.

"The government on August 11, 2020 released Rs 6,195.08 crore to 14 states as the fifth equated monthly instalment of the Post Devolution Revenue Deficit Grant as recommended by the 15th Finance Commission. This would provide them additional resources during the Corona crisis," Finance Minister Nirmala Sitharaman's office said in a tweet.

The money has been released ahead of schedule and as a special dispensation to meet immediate funding needs of the state governments looking to restore economic activity and minimise losses to its citizens due to disruptions caused by lockdowns.

Of the 14 states, the maximum grant-in-aid in August has gone to Kerala, which has got an amount of 1,277 crore followed by Himachal Pradesh with a revenue deficit grant of Rs 953 crore.

Much of this money is expected to be used by states towards paying the salaries to their staff as sharp fall in tax collections in April and May has already put pressure on their accounts.

Show Full Article
TAGS:6K cr grant Covid fight Finance ministry India covid 
Next Story