Center to give ₹47,541 crores to states to speed up their recovery

Nirmala Sitharaman

Nirmala Sitharaman

Finance Minister Nirmala Sitharaman on Monday directed the finance secretary to add additional ₹47,541 crore to state cost, to increase their expenditure of post-pandemic recovery. 

The directive was issued after a detailed discussion with chief ministers and state finance ministers on post-Covid economic speedy revival. During the meeting, some chief ministers requested for assigning a decentralisation of a part of their tax for the current financial year in order to increase the states' asset disbursement. 

FM directed the finance secretary to issue an additional ₹47,541 crore along with the monthly tax devolution of ₹47,541 crore, adding to a sum of ₹95,082 crores to the individual states. The main motive is to substantiate the state expenditure on construction of the economy after its significant decline in post-COVID era. The GST compensation for this year had already been announced in November. Centre has frontloaded many dues off the state, to weave them out of the economic despair. 

50-year capital expenditure for the state has been levied as a grant to do off with each's due. Many states have asserted similar schemes in future. States highlighted the need for offshore wind generation policy. Today's meeting was to seek states' ideas in moving growth upward, since in many of the issues such as manufacturing, development and investment. 



Gautam Gambhir

Gautam Gambhir received third threat email from ISIS

Bharatiya Janata Party (BJP) MP from East Delhi Constituency and former cricketer Gautam Gambhir has allegedly received a third e-mail threat from loc...

Shreyas Iyer

As per Kapil Dev, Shreyas Iyer can do justice to the position of a batsman India needs

IBNS-TWF Correspondent Nitin Waghela catches up on cricket and golf with 1983 World Cup winning captain and the newly inducted Professional Golf Tour...

States & UTs

International Trade Fair

Bihar bestowed with gold Award at 40th International Trade Fair

Bihar secured the first position with a gold Award at the 40th India International Trade Festival (IITF) for its excellence in display in state govern...

Covid positive

Karnataka: tally reaches 281 at Dharwad medical college, 99 more test Covid positive

As many as 99 more medical college students and faculty members were tested Covid-19 positive in Karnataka's Dharwad, taking the total number of a...


Akhilesh Yadav

UP educational system corrupted, Akhilesh Yadav alleges

UPTET 2021 Paper was reported to have been leaked. Samajwadi Party chief, Akhilesh Yadav intimates e...

Tripura Municipal Election

BJP Leads Tripura Municipal Election Results 2021

Tripura Municipal Election Results 2021: The counting of votes for over 200 seats in the Agartala Mu...



Samantha's retro style amuses Everyone

Back to the days of 2000! Actress Samantha Ruth Prabhu got spotted in the city this Saturday evening...

Anil Kapoor

Anil Kapoor's Last Day of Germany After Treatment

Anil Kapoor documents every facet of his life, his trips and adventures. On the last day of his Germ...


The Live Newz is an independent, budding and online news portal that came into existence recently. Our mission is to create and deliver the finest news for the readers. We act as a cutting-edge platform that provides the users with every update on recent happenings. We aspire to be true to the journalistic values and maintain the standard of its excellence by presenting the truth to the readers.