The Third Instalment of Revenue Deficit Released

On Thursday the Finance Ministry released its third monthly installment of revenue deficit to 17 states worth 9,871 crores. This is the third monthly installment of Post Devaluatiopn Revenue deficit. The central government provides the grants of PDRD under article 275 of the Indian Constitution. These grants are released as the recommendations of different state Finance commissions to tackle the gaps of revenue accounts of different states after the post devaluation period.