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Centre releases Rs 6,195 crore to 14 states as devolution of taxes

Office of Union Finance Minister Nirmala Sitharaman in a tweet said that this would provide them with additional resources during the Covid-19 crisis

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The 14th Finance Commission had earlier recommended that the states be given 42 per cent share in taxes.

BS Web Team New Delhi

2 min read Last Updated : Sep 11 2020 | 9:57 AM IST

The Central government on Friday released Rs 6,195.08 crore to 14 states as the sixth equated monthly installment of the Post Devolution Revenue Deficit Grant (PDRDG) as recommended by the 15th Finance Commission.

Office of Union Finance Minister Nirmala Sitharaman in a tweet said that this would provide them with additional resources during the Covid-19 crisis.

"The government on September 10, 2020, released Rs 6,195.08 crore to 14 states as the sixth equated monthly installment of the Post Devolution Revenue Deficit Grant as recommended by the 15th Finance Commission. This would provide them additional resources during the Corona crisis," the

Topics : Nirmala Sitharaman Finance Ministry Taxation GST compensation

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