https://www.taxtmi.com/news?id=25304 The Department of Expenditure released the first monthly instalment of the Post Devolution Revenue Deficit Grant to 14 States pursuant to the Fifteenth Finance Commission's recommendations, implementing a twelve month equal instalment disbursement of the Commission's total allocation for 2022-23. The grant, provided under the constitutional fiscal transfer framework, is designed to cover assessed gaps between state revenue and expenditure post devolution; eligibility and quantum for 2020-21 to 2025-26 were fixed by the Commission and state wise amounts and first instalments are indicated in the release. en-us Fri, 08 Apr 2022 14:16:25 +0530 Fri, 08 Apr 2022 14:16:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=25304 The Department of Expenditure released the first monthly instalment of the Post Devolution Revenue Deficit Grant to 14 States pursuant to the Fifteenth Finance Commission's recommendations, implementing a twelve month equal instalment disbursement of the Commission's total allocation for 2022-23. The grant, provided under the constitutional fiscal transfer framework, is designed to cover assessed gaps between state revenue and expenditure post devolution; eligibility and quantum for 2020-21 to 2025-26 were fixed by the Commission and state wise amounts and first instalments are indicated in the release. News - Fri, 08 Apr 2022 14:16:25 +0530 https://www.taxtmi.com/news?id=25304