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Centre releases ₹72,961.21 crore as additional installment of Tax Devolution to States Installment released today is in addition to tax devolution due to States on 10 January 2024 and the installment of ₹72,961.21 crore already released on 11 December 2023 In view of the forthcoming festivities and the New Year, the Union Government has authorised the release of an additional installment of tax devolution amounting to ₹72,961.21 crore to strengthen the hands of State Governments for financ
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FAQ :
The Centre has released an additional £72,961.21 crore as tax devolution to the states.
The additional installment has been released to strengthen the hands of State Governments for financing various social welfare measures and infrastructure development schemes, especially in view of the forthcoming festivities and the New Year.
No, this installment is in addition to the tax devolution due to States on 10 January 2024 and the installment of £72,961.21 crore already released on 11 December 2023.
Uttar Pradesh received the largest amount, totalling £13,088.51 crore.
Goa received the smallest amount, totalling £281.63 crore.
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