financetom
Economy
financetom
/
Economy
/
Finance ministry releases 1st instalment worth Rs 8,873 crore of SDRF to states
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Finance ministry releases 1st instalment worth Rs 8,873 crore of SDRF to states
May 1, 2021 4:24 AM

The Finance Ministry on Saturday said it has released in advance to the states the first instalment worth Rs 8,873.6 crore of the state disaster response fund (SDRF) for the current fiscal. Up to 50 per cent of the amount released, which is Rs 4436.8 crore, can be used by the states for COVID-19 containment measures.

Share Market Live

NSE

Normally, the first instalment of SDRF is released in the month of June as per the recommendations of the Finance Commission. ”However, in relaxation of normal procedure, not only has the release of SDRF been advanced, the amount has also been released without waiting for the utilisation certificate of the amount provided to the states in the last financial year,” the ministry said in a statement.

As a special dispensation, the Department of Expenditure, Ministry of Finance, at the recommendation of the Ministry of Home Affairs has released in advance of the normal schedule the 1stinstalment of the Central Share of the State Disaster Response Fund (SDRF) for the year 2021-22 to all the states. An amount of Rs 8,873.6 crore has been released to the states, it said.

Also Read

: India's daily COVID-19 cases hit 4 lakh

The funds from the SDRF may be used by the states for various measures related to containment of COVID-19 including meeting the cost of oxygen generation and storage plants in hospitals, ventilators, air purifiers, strengthening ambulance services, COVID-19 hospitals, Covid Care Centres, consumables, thermal scanners, personal protective equipment, testing laboratories, testing kits, containment zone, etc.

First Published:May 1, 2021 1:24 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Trump's Fed Pick? He's Cutting First, And Cutting Powell Out
Trump's Fed Pick? He's Cutting First, And Cutting Powell Out
Jul 18, 2025
Federal Reserve Governor Christopher Waller made his most assertive case yet for a July rate cut—and signaled he's ready to take Jerome Powell's seat if President Donald Trump asks. Speaking Friday on Bloomberg TV, Fed’s Waller joined fellow policymaker Michelle Bowman in backing a July rate cut—an implicit alignment with Trump's push for looser monetary policy. Not only did Waller...
3M sees smaller tariff hit on 2025 profit amid easing US-China trade tensions
3M sees smaller tariff hit on 2025 profit amid easing US-China trade tensions
Jul 18, 2025
(Reuters) -3M ( MMM ) on Friday raised its full-year profit forecast and projected a smaller tariff-related hit to its 2025 earnings, amid easing trade tensions between the U.S. and China, sending shares of the industrial giant up nearly 4% in premaket trading. The company now expects a full-year adjusted profit between $7.75 and $8 per share, compared with its...
US Dollar Falls Early Friday Ahead of Housing Starts, Michigan Consumer Sentiment
US Dollar Falls Early Friday Ahead of Housing Starts, Michigan Consumer Sentiment
Jul 18, 2025
07:46 AM EDT, 07/18/2025 (MT Newswires) -- The US dollar fell against its major trading partners early Friday ahead of the release of housing starts data for June at 8:30 am ET and the preliminary estimate of consumer sentiment for July from the University of Michigan at 10:00 am ET. Also due to be released at 10:00 am ET are...
US single-family housing starts, permits decline in June
US single-family housing starts, permits decline in June
Jul 18, 2025
WASHINGTON (Reuters) -U.S. single-family homebuilding and permits for future construction fell sharply in June as high mortgage rates and economic uncertainty hampered home purchases, suggesting residential investment contracted again in the second quarter. Single-family housing starts, which account for the bulk of homebuilding, dropped 4.6% to a seasonally adjusted annual rate of 883,000 units last month, the Commerce Department's Census...
Copyright 2023-2026 - www.financetom.com All Rights Reserved