National

Centre releases Rs.278.8 crore for Nagaland

Spl. Correspondent NEW DELHI, MAY 20 (NPN) | Publish Date: 5/20/2020 1:24:28 PM IST

Centre this week sanctioned two separate amount to Nagaland-- Rs. 263.80 crore for May instalment of devolution of states’ share in central taxes & duties and Rs. 15 crore as part of the grants to Urban Local Bodies (ULBs) in non-million plus cities.

According to Finance ministry out of Rs 46,038.70 crore released to 28 states on Monday, as May instalment of devolution of states’ share in central taxes and duties, Nagaland was allocated Rs. 263.80 core. “These releases, similar to April releases, have been calculated based on tax receipts projected in Budget 2020-21 & not as per actuals,” the ministry said in a tweet. It added that the Government’s prime objective has been protecting states’ revenues and meeting their liquidity requirements in their fight against the COVID-19 pandemic.

Further, on Tuesday the Finance ministry, as per recommendation of the 15th Finance Commission,  released Rs. 5000.25 crore to at least  28 states including Nagaland, which received Rs. 15 crore for the year 2020-21. The ministry pointed out that the amount was to be used by local bodies for location-specific felt needs, except for salary or other establishment expenditure.

 

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