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Centre releases two installments of tax devolution to State Governments amounting to Rs. 95,082 crore as against normal monthly devolution of Rs. 47,541 crore Rs. 95,082 crore of Tax devolution to strengthen fiscal space of States As promised by Union Minister for Finance Corporate Affairs Smt. Nirmala Sitharaman after the virtual meeting with Chief Ministers, State Finance Ministers, and Lt. Governors of UTs to step up investment, infrastructure, and growth on 15th November 2021, the Gov
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FAQ :
The Centre has released two instalments of tax devolution amounting to £95,082 crore to State Governments.
No, this amount of £95,082 crore is double the normal monthly devolution, which is typically £47,541 crore.
The release is intended to strengthen the fiscal space of the states and step up investment, infrastructure, and growth.
The tax devolution instalments were released on 22nd November 2021.
Uttar Pradesh received the largest amount, with £17,056.66 crore.
Goa received the smallest amount, with £367.02 crore.
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