Wednesday, November 30, 2022

Nagaland gets Rs. 377.50 cr RDG

Spl. Correspondent

Ministry of Finance on Monday released the 8th monthly instalment of Post Devolution Revenue Deficit (PDRD) Grant of Rs.7,183.42 crore to 14 States as per the recommendations of the 15th Finance Commission. As per the state-wise details of the grant released, Nagaland has received Rs.377.50 crore in November 2022 as eight instalment and total PDRD Grant released in 2022-23 is Rs. 3020 crore. With this, the total RDG released to states so far in the current financial year has gone up to Rs 57,467.33 crore. This was the eighth instalment of the grant for the current fiscal released to states.
In 2022-23, the states will get a total RDG of Rs 86,201 crore. The 15th Finance Commission has recommended a total post devolution RDG of Rs 86,201 crore to 14 states for the financial year 2022-23.
The recommended grant is released by the department of expenditure to the recommended states in 12 equated monthly instalments. The post devolution RDG are provided to the states under Article 275 of the Constitution. The grants are released to the states to meet the gap in their revenue accounts, post devolution.

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