Thu. Oct 22nd, 2020

GOA GETS RS. 900 LAKHS AS 1ST INSTALLMENT OF URBAN LOCAL BODIES GRANTS: INDIAN FINANCE MINISTRY

On recommendation of 15th finance commission, the state government has received Rs. 900 lakhs as 1st installment of urban local bodies grants.

The Indian Ministry of Finance has released Rs 5005.25 cr as 1st installment of untied basic grants ‘in advance’ for Non-Million-plus cities to 28 states, pending finalisation of the operational guidelines.

The office of the finance minister Nirmala Sitharaman said that “This would provide the states with vital financial resources at a critical time”.

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