INSUBCONTINENT EXCLUSIVE:
Federal government has actually released the seventh instalment of post devolution earnings deficit grant to statesThe Finance Ministry has
released the monthly instalment of Rs 9,871 crore to 17 states under the post devolution profits deficit (PDRD) grant as suggested by the
15th Finance Commission.With the release of what is the seventh instalment of funds throughout the current financial year, the total amount
offered to these states till now is Rs 69,097 crore.The states which are eligible for this grant consist of Andhra Pradesh, Assam, Haryana,
Himachal Pradesh, Karnataka, Kerala, Punjab, Rajasthan, Tamil Nadu and West Bengal among others.The PDRD grant is provided to states
according to the arrangements of Short article 275 of the Constitution, to assist them fulfill the space in between evaluation of income and
expenditure.For 2021-22, the 15th Financing Commission had recommended the PDRD grant to 17 states totaling Rs 1,18,452 crore, out of which
58 per cent or Rs 69,097 crore have actually been launched till date.
