shine india monthly magazine Published this articles page no 125 It is evident that no formula-based
horizontal devolution can meet the needs of each of the twenty-eight States
whose cost disabilities and fiscal capabilities arc so vastly different from
each other. Therefore the Commission has recommended an allocation of 1.92 per
cent of the gross revenue receipts of the Union as revenue deficit grants to
specific States. The revenue deficit grants aggregate to Rs. 294514 corer with
gradual tapering off during the award period. shine india monthly magazine
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