https://www.taxtmi.com/news?id=25388 Post Devolution Revenue Deficit Grants were released as monthly instalments to 14 States under the Finance Commission's recommendation; the Department of Expenditure effected the second instalment, implementing a 12-month release schedule. Eligibility and quantum for 2020-21 to 2025-26 were determined by the Commission based on the assessed gap between State revenue and expenditure after accounting for assessed devolution, and state-wise allocations were provided to address post-devolution revenue shortfalls. en-us Fri, 06 May 2022 17:49:58 +0530 Fri, 06 May 2022 17:49:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=25388 Post Devolution Revenue Deficit Grants were released as monthly instalments to 14 States under the Finance Commission's recommendation; the Department of Expenditure effected the second instalment, implementing a 12-month release schedule. Eligibility and quantum for 2020-21 to 2025-26 were determined by the Commission based on the assessed gap between State revenue and expenditure after accounting for assessed devolution, and state-wise allocations were provided to address post-devolution revenue shortfalls. News - Fri, 06 May 2022 17:49:58 +0530 https://www.taxtmi.com/news?id=25388