Page 10 of Finance Ministry

The PDRD grants are provided to the states under Article 275 of the Constitution as per the recommendations of the successive Finance Commissions to bridge the gap between assessment of revenue and expenditure of the states after taking into account the assessed devolution during this period.

Revenue deficit grant of over Rs 7,000 crore released to 14 states

With the release of fourth instalment for July, 2022, the total amount of revenue deficit grants released to the states…

July 7, 2022 06:20 IST

The ministry said that with the release of the fourth instalment for the month of July 2022, the total amount of PDRD grants released to the states in 2022-23 stands at Rs 28,733.67 crore.

FinMin releases fourth instalment of revenue deficit grant of Rs 7,183 cr to 14 states

The 15th Finance Commission has recommended a total PDRD Grant of Rs 86,201 crore to 14 states for the financial…

July 6, 2022 18:27 IST

Finance Ministry empanels 12 transaction advisers for assisting in implementation of PPP projects

The latest initiative requires that at the Central, State, and Local government level, Project Sponsoring Authorities have access to quality…

July 1, 2022 21:16 IST

Near-term challenges need to be managed carefully without sacrificing the hard-earned macroeconomic stability, the Monthly Economic Review said.

India faces near-term challenges; better placed to deal with them: Finance ministry report

Depreciation risk to rupee, however, still remains as long as net Foreign Portfolio Investor (FPI) outflows continue in response to…

June 20, 2022 18:34 IST

Nirmala Sitharaman to launch single nodal agency dashboard on June 7

The SNA model, therefore, ensures that allocation of funds to states for the CSS are made in a timely manner…

June 6, 2022 22:03 IST

FinMin releases third instalment of revenue deficit grant of Rs 7,183 crore to 14 states

The Fifteenth Finance Commission has recommended a total Post Devolution Revenue Deficit Grant of Rs 86,201 crore to 14 states…

June 6, 2022 18:30 IST

State government tax recipts, fiscal deficit, GST

Covid’s Collateral Casualty: State finances lag behind centre post pandemic; tax revenue lowest in two decades

With the shortfall in revenues expected in the current fiscal, state governments may ask the central government to extend the…

April 20, 2022 16:46 IST

India headed for robust economic growth, says FM Sitharaman

In her first public appearance before the Atlantic Council think-tank, the finance minister told a select group of Washington audience…

April 19, 2022 19:18 IST

Issuance of 'Letter of Comfort' by the ministries and department helps a vendor in achieving financial closure for a project in a faster manner. (File)

FinMin asks ministries not to issue of ‘Letter of Comfort’ for projects

Infrastructure ministries like railways were authorised to issue ‘Letter of Comfort’ to contractors engaged in development of projects.

April 1, 2022 16:40 IST

Tax devolution to states 19% over FY22RE

Thanks to buoyancy in tax revenues, the Centre released 8.83 trillion in devolution to states for FY22, 19% more than…

April 1, 2022 08:23 IST

The borrowing is scheduled to be completed in 26 weekly tranches of Rs 32,000-33,000 crore. It will be spread under 2, 5, 7, 10, 14, 30 and 40-year securities and floating rate bonds (FRBs) of various tenors.

Govt’s market borrowing target set at Rs 8.45 trillion for H1FY23

The finance ministry has now cut the full-year (FY23) gross market borrowing through dated securities from the budgetted level of…

April 1, 2022 06:20 IST

Govt widens scope of loan guarantee scheme

The coverage, scope and extent of benefits under ECLGS 3.0 pertaining to hospitality, travel, tourism and civil aviation sectors have…

March 30, 2022 21:53 IST

Retro amendment to prevent misuse of cess, surcharge deduction claims under I-T provisions: FM

The Finance Bill had proposed retrospective disallowance of deduction for surcharge or cess with effect from Assessment Year 2005-06.

March 25, 2022 20:16 IST

The savings by departments could provide some cushion to the government, which could postpone the mega IPO of the Life Insurance Corporation (LIC) to next financial year.

Finance ministry asks departments, ministries to surrender ‘savings’ by March 21

While surrendering the savings, the excess or shortfall in recoveries, if any, in the respective Grants against the original estimates…

March 5, 2022 03:45 IST

FY22 fiscal deficit estimate a responsible target, says FM Sitharaman

minister also said the Rs 1 lakh crore loan for states will help in speeding up infrastructure development and capital…

February 9, 2022 22:10 IST

Modi’s PLI scheme to make India key manufacturing hub, industry says will reap benefits: KPMG survey

As many as 60% of the respondents said they think that the Production Linked Incentive (PLI) scheme will have the…

January 25, 2022 13:32 IST

Liquidation process of Devas to begin soon, says FM; SC verdict to be highlighted in international courts

Finance Minister Nirmala Sitharaman Press Conference Highlights: FM Sitharaman addressed wherein she cleared the air on the Antrix-Devas case.

Updated: January 18, 2022 18:30 IST

Futures trading banned in 7 commodities for 1 year to curb inflation; SEBI issues orders for current contracts

SEBI asked commodity exchanges not to launch futures contracts of the seven commodities for one year. For running contracts, the…

Updated: December 20, 2021 11:34 IST

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