PoliticsPhoto: Business StandardCentre Releases ₹1.09 Trillion Additional Tax Devolution to States
The Centre released an additional instalment of tax devolution amounting to ₹1.09 trillion to state governments. The finance ministry stated this release aims to support states during the festive season, accelerate capital spending, and finance development and welfare expenditures. Currently, 41% of taxes collected by the Centre are devolved to states in 14 instalments annually.
Business Standard·




