Nagaland

Finance dept. clarifies; no possibility of using 326.41 Cr for Covid-19 expenses

Kohima, April 17 (NE): Finance department, Government of Nagaland had clarified on rupees 326.41 Crore released by the Ministry of Finance, Government of India on April 3, 2020. A notification from DIPR said, there is no possibility of using this amount for Covid-19 expenses.

The clarification was issued by the Finance department on the wake of news circulated in social media of the amount of Rs. 32641.66 lakhs (326.41 Cr) released by the Ministry of Finance, Government of India on April 03, 2020, and comments about how funds are being used to battle the Covid-19 pandemic, said the notification.

Earlier, Finance Minister, Government of India, Smti. Nirmala Sitharaman announced the release of Rs 17,287 crore on April 03, 2020, to different states to enhance their financial resources during Covid-19 pandemic.

Further, the Finance Department, Government of Nagaland, has clarified that the mentioned amount is the Revenue Deficit Grant recommended by the Fifteenth Finance Commission to be released to the State of Nagaland every month during the year 2020-21.

(Post Devolution Revenue Deficit Grant to state government for the year 2020 – 21)

‘This amount is meant to cover the shortfall in the revenue expenditure requirements of the State Government such as salaries, pensions, interest payments and other recurring expenses. There is no possibility of using this amount for Covid-19 expenses as is being alleged’, it added.