Indian Economy Current Affairs Analysis
Tamil Nadu government has recently accorded administrative nod and financial sanction of ₹781 crore to improve 285 rural roads and 141 bridges under the “National Bank for Agriculture and Rural Development (NABARD) - Rural Infrastructure Development Fund (RIDF) XXIX” for 2023-24.
Operations, Maintenance and Deficit Grant Fund for 2023
In another order, the State government sanctioned a sum of ₹843.40 crore under Operations, Maintenance and Deficit Grant Fund for 2023, in line with the recommendations of the Sixth Finance Commission.
Recommendations of the Sixth Finance Commission
Vertical sharing ratio between rural and urban local bodies:51:49
Distribution ratio within Rural local Bodies: 55:39:6 for village panchayats, panchayat unions and district panchayats respectively.
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