in

Assam to be Financially Relieved with 631 crore Central Grant

News Desk: The Centre has released Rs 6,195.08 crore to 14 States as the second equated monthly instalment of the Post Devolution Revenue Deficit Grant as recommended by the 15th Finance Commission.

Finance Minister Nirmala Sitharaman tweeted, “This would provide them (with) additional resources during the corona crisis”.

According to official sources, the Centre released advance payments of over Rs 631 crore to Assam. Some other states to have received the grant were Kerala (Rs 1,276 crore), Himachal Pradesh (Rs 952 crore), Punjab (Rs 638 crore), Andhra Pradesh (Rs 491 crore), Uttarakhand (Rs 423 crore) and West Bengal (Rs 417 crore).

The grant will help the state governments to take preventive and mitigation measures for containment of the COVID-19, including setting up quarantine facilities, sample collection and screening centres, and setting up additional testing laboratories.

Post Devolution Revenue Deficit Grants is a mechanism provided by the Finance Commission for compensation of any loss incurred by states from the Centre.

Image Source: Internet

Tags

What do you think?

Written by admin

A multimedia journalist based out of Guwahati, covering public policy, healthcare, and social issues.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Loading…

0

Tablighi Jamaat: Delhi Court Grants Bail To Foreign Nationals

Nirmala Sitharaman

অসমলৈ কেন্দ্ৰৰ ৬৩১ কোটি টকাৰ অনুদান