Centre releases Rs 7,183 cr grant to 14 states


New Delhi, Oct 6 : The Union Finance Ministry on Thursday released the seventh monthly instalment of post devolution revenue deficit (PDRD) grant of Rs 7,183.42 crore to 14 states. The grant has been released as per the recommendations of the 15th Finance Commission. The panel had recommended a total grant of Rs 86,201 crore to 14 states for 2022-23. The recommended grant is released by the Department of Expenditure to the recommended states in 12 equated monthly installments. With the release of seventh installment for the month of October 2022, the total amount of revenue deficit grants released to the states in 2022-23 has gone up to Rs 50,282.92 crore. /IANS


GST raids in UP's Noida uncover tax evasion of more than Rs 20 cr
Noida, Dec 7 : The state GST department has conducted raids in 71 districts of Uttar Pradesh in two days. In two separate raids, the department seized

Repeated rate hikes may impact housing Sector in the short term
New Delhi, Dec 7 : The continuous rate hikes may lead to short-term impact in the overall housing demand when buyers are optimistic of making a home p

Continued divergence at RBI on battle against inflation
By Venkatachari Jagannathan Chennai, Dec 7 : There is continuing divergence within the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC)