News Update

Govt re-constitutes COFEPOSA Advisory Board headed by Justice Prathiba M SinghCBIC revises tariff value of edible oils, gold & silverGST - CBIC amends jurisdictions of several CGST CommissioneratesBengaluru city MLAs blackmailing Govt over garbage crisis, says Dy CMFarmer leader Rakesh Tikait survives major road accidentAmerica declares South African Ambassador persona non grataVance predicts high-octane TikTok deal by Apr 15Putin cannot be allowed to play games over Ukraine: UK PMNew Canadian PM Mark Carney says Canada will never be part of AmericaTrumpian policy turbocharges gold prices beyond USD 3000POCSO case: Karnataka HC exempts former CM Yediyurappa from personal appearance at trial courtUS-EU trade war hots up - EU imposes tariffs on American goods worth USD 28 billionUS restores military aid and intelligence sharing with Kyiv after Ukraine supports ceasefireTesla cautions Trump Administration against tariff warCBIC promotes two officers as Chief CommissionerCanara Bank proposes to raise Rs 4000 Crores through Tier-II bonds compliant with Basel-III normsGST - Retro Taxation - Legislature needs to avoid ' Retrocasuality'!Gulmarg to be developed as winter sports hub: Dr MandaviyaCus - SCN u/s 28(4) post the issuance of SCN u/s 28(1) could not be termed as 'Supplementary notice': HCST - Approximation has no place in demanding and confirming service tax: CESTATRanya Rao gold smuggling case - Govt orders CID inquiryDirect Port Delivery facility - Ambiguities in procedure
 
Centre to devolve Rs 86201 Crores as Revenue Deficit Grant for 2022-23

By TIOL News Service

NEW DELHI, NOV 07, 2022: THE Department of Expenditure, Ministry of Finance, today released the 8th monthly instalment of Post Devolution Revenue Deficit (PDRD) Grant of Rs. 7,183.42 crore to 14 States. The grant has been released as per the recommendations of the Fifteenth Finance Commission.  

The Fifteenth Finance Commission has recommended a total Post Devolution Revenue Deficit Grant of Rs. 86,201 crore to 14 States for the financial year 2022-23. The recommended grant is released by the Department of Expenditure to the recommended States in 12 equated monthly instalments. With the release of 8 th instalment for the month of November, 2022, the total amount of Revenue Deficit Grants released to the States in 2022-23 has gone up to Rs. 57,467.33 crore.

The Post Devolution Revenue Deficit Grants are provided to the States under Article 275 of the Constitution.  The grants are released to the States as per the recommendations of the successive Finance Commissions to meet the gap in Revenue Accounts of the States post devolution.

  The eligibility of States to receive this grant and the quantum of grant for the period from 2020-21 to 2025-26 was decided by the Fifteenth Finance Commission based on the gap between assessment of revenue and expenditure of the State after taking into account the assessed devolution during this period. 

The States that have been recommended Post Devolution Revenue Deficit Grant by the Fifteenth Finance Commission during 2022-23 are: Andhra Pradesh, Assam, Himachal Pradesh, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Rajasthan, Sikkim, Tripura, Uttarakhand, and West Bengal.

State-wise details of Post Devolution Revenue Deficit Grant recommended for 2022-23 and the amount released to States as 8 th instalment are as under:

State-wise Post Devolution Revenue Deficit Grant (PDRDG) Released

(Rs in crore)

S. No.

Name of State

8 th instalment released for the month of November, 2022.

Total PDRDG released to States during 2022-23.

1

Andhra Pradesh

879.08

7032.67

2

Assam

407.50

3260.00

3

Kerala

1097.83

8782.67

4

Manipur

192.50

1540.00

5

Meghalaya

86.08

688.67

6

Mizoram

134.58

1076.67

7

Nagaland

377.50

3020.00

8

Punjab

689.50

5516.00

9

Rajasthan

405.17

3241.33

10

Sikkim

36.67

293.33

11

Tripura

368.58

2948.67

12

Uttarakhand

594.75

4758.00

13

West Bengal

1132.25

9058.00


POST YOUR COMMENTS
   

TIOL Tube Latest

Shri Shailendra Kumar reading Citation for Sir Ratan Tata.



Shri Vijay Kumar delivering welcome address at TIOL Congress 2025.


Justice C V Bhadang addressing the gathering at TIOL Congress 2025.