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Union Government releases 14th instalment of tax devolution to State Governments amounting to ₹1,40,318 crore to strengthen hands of States to accelerate their capital and developmental expenditure The Union Government has released 14thinstalment of tax devolution to State Governments amounting to ₹1,40,318 crore today, as against normal monthly devolution of ₹70,159 crore. This is in line with the commitment of Government of India to strengthen the hands of States to accelerate their capi
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FAQ :
The Union Government has released a total of ₹1,40,318 crore as the 14th instalment of tax devolution.
The release is aimed at strengthening the hands of State Governments to accelerate their capital and developmental expenditure.
No, this release of ₹1,40,318 crore is double the normal monthly devolution amount, which is typically ₹70,159 crore.
All State Governments received funds as part of this tax devolution. A state-wise breakup of the amounts released is available.
Uttar Pradesh received the largest share, amounting to ₹24,783 crore.
Sikkim received the smallest share, amounting to ₹545 crore.
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