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    <title>Ministry of Finance releases 45,000 crore as additional devolution to States in FY 2020-21</title>
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    <description>Ministry of Finance authorised an additional devolution of forty five thousand crore to States in FY 2020 21, an 8.2% increase over the Revised Estimates; total devolutions were raised based on initial estimates of the shareable pool to reflect revenue buoyancy. The additional allocation was disbursed in two instalments-one with the fourteenth regular instalment and a second at year end-and accompanied by a state wise schedule showing RE allocations, additional amounts and overall releases.</description>
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    <pubDate>Thu, 01 Apr 2021 16:59:43 +0530</pubDate>
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      <description>Ministry of Finance authorised an additional devolution of forty five thousand crore to States in FY 2020 21, an 8.2% increase over the Revised Estimates; total devolutions were raised based on initial estimates of the shareable pool to reflect revenue buoyancy. The additional allocation was disbursed in two instalments-one with the fourteenth regular instalment and a second at year end-and accompanied by a state wise schedule showing RE allocations, additional amounts and overall releases.</description>
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