Union Government Disburses Rs 4.36 Bn to Karnataka and Tripura
ECONOMY & POLICY

Union Government Disburses Rs 4.36 Bn to Karnataka and Tripura

The Union Government has released the second installment of the Fifteenth Finance Commission (XV FC) Grants for rural local bodies in Karnataka and Tripura for FY 2024–25, aiming to strengthen local governance and accelerate rural development.

Breakdown of Fund Allocation Tripura: Rs 311.2 billion(Untied Grants - 2nd installment) benefiting 589 Gram Panchayats, along with Block Panchayats, District Panchayats, and Traditional Local Bodies. Karnataka: Rs 404.96 billion (Untied Grants - 2nd installment) supporting 5,375 eligible Gram Panchayats across the state.

Empowering Panchayati Raj Institutions (PRIs) These grants empower Panchayati Raj Institutions (PRIs) to cater to location-specific developmental needs under the 29 subjects listed in the Eleventh Schedule of the Constitution. The funds are exclusively meant for development projects and cannot be used for salaries or establishment costs.

Types of Grants Allocated Untied Grants: Flexible funding for community-specific development initiatives, local infrastructure enhancement, and welfare projects.

Tied Grants:

Dedicated funds for sanitation, including waste management, fecal sludge management, and maintaining Open Defecation Free (ODF) status. Drinking water projects, rainwater harvesting, and water recycling initiatives.

A Step Towards Decentralised Development Administered by the Ministry of Panchayati Raj and the Ministry of Jal Shakti, the XV Finance Commission Grants play a crucial role in decentralizing resources, strengthening local governance, and enabling grassroots development tailored to the unique needs of rural communities.

The Union Government has released the second installment of the Fifteenth Finance Commission (XV FC) Grants for rural local bodies in Karnataka and Tripura for FY 2024–25, aiming to strengthen local governance and accelerate rural development. Breakdown of Fund Allocation Tripura: Rs 311.2 billion(Untied Grants - 2nd installment) benefiting 589 Gram Panchayats, along with Block Panchayats, District Panchayats, and Traditional Local Bodies. Karnataka: Rs 404.96 billion (Untied Grants - 2nd installment) supporting 5,375 eligible Gram Panchayats across the state. Empowering Panchayati Raj Institutions (PRIs) These grants empower Panchayati Raj Institutions (PRIs) to cater to location-specific developmental needs under the 29 subjects listed in the Eleventh Schedule of the Constitution. The funds are exclusively meant for development projects and cannot be used for salaries or establishment costs. Types of Grants Allocated Untied Grants: Flexible funding for community-specific development initiatives, local infrastructure enhancement, and welfare projects. Tied Grants: Dedicated funds for sanitation, including waste management, fecal sludge management, and maintaining Open Defecation Free (ODF) status. Drinking water projects, rainwater harvesting, and water recycling initiatives. A Step Towards Decentralised Development Administered by the Ministry of Panchayati Raj and the Ministry of Jal Shakti, the XV Finance Commission Grants play a crucial role in decentralizing resources, strengthening local governance, and enabling grassroots development tailored to the unique needs of rural communities.

Next Story
Infrastructure Transport

Sonowal Unveils Eight Projects at NMPA’s Golden Jubilee

Union Minister for Ports, Shipping and Waterways, Shri Sarbananda Sonowal, inaugurated the Curtain Raiser Ceremony of the Golden Jubilee Celebrations of the New Mangalore Port Authority (NMPA) at Bharat Mandapam. To commemorate the milestone, he unveiled eight major maritime infrastructure projects designed to strengthen India’s port network, enhance logistics performance, and promote sustainability. These include a modern cruise terminal, new covered storage facilities, a 150-bed multi-speciality hospital, expanded truck terminals, and improved port access infrastructure aimed at enhancing..

Next Story
Infrastructure Energy

India To Boost US LPG Imports, Cut Middle East Reliance

India is planning to reduce imports of liquefied petroleum gas (LPG) from the Middle East as state-owned refiners prepare to ramp up purchases from the United States, according to sources familiar with the matter. The move aligns with New Delhi’s efforts to expand energy cooperation and secure a broader trade deal with Washington. State refiners have already notified their traditional LPG suppliers in Saudi Arabia, the United Arab Emirates, Kuwait and Qatar of the potential reduction in imports. Although the exact size of the supply cut was not disclosed, earlier reports suggested that Indi..

Next Story
Infrastructure Energy

UK Sanctions Nayara Energy in Crackdown on Russian Oil

The United Kingdom has announced fresh sanctions on 90 entities, including Indian refiner Nayara Energy Limited, in its latest bid to curb Russian oil revenues and weaken President Vladimir Putin’s war funding. The sanctions, unveiled jointly by the Foreign, Commonwealth and Development Office (FCDO) and the UK Treasury, aim to disrupt networks supporting Moscow’s crude exports amid the ongoing war in Ukraine. According to the FCDO, the new restrictions are intended to “strike at the heart of Putin’s war funding” by targeting firms and assets that enable Russia’s energy trade. “..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?