Centre releases additional tax devolution instalment worth Rs 1,09,019 crore to states amid festive season
Prokeralavia NewsData.io
The Union Government on Saturday released additional instalment of tax devolution worth Rs 1,09,019 crore to State Governments, which is in addition to the regular monthly devolution. The release of additional instalment of tax devolution is in view of upcoming festive season and to enable States to accelerate capital spending and finance their development/welfare related expenditure, Finance Ministry said in a statement. This is the second additional instalment in this financial year. While Uttar Pradesh, the nation's most populous state, received Rs 19,208 crore, Bihar received Rs 10,845 cro
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