PoliticsPhoto: Business StandardGovernment Releases ₹1.09 Trillion Extra Tax Devolution to States in October
The central government released an additional ₹1.09 trillion tax devolution tranche to states in October, marking the second extra instalment this financial year. This move aims to support states during the festive season, boost capital spending, and fund development and welfare expenses. The total tax devolution to states in the first half of FY27 reached nearly ₹7 trillion, following the Sixteenth Finance Commission's 41% divisible pool recommendation.
Business Standard·




