The Union Government has released ₹1,09,019 crore to states as an additional tax devolution instalment, over and above the regular monthly transfer. The second such additional release this financial year aims to support festive-season needs, capital spending and development and welfare expenditure.
Union Government releases tax devolution of ₹1,09,019 crore to State Governments, as one advance instalment of tax devolution in view of upcoming festive season and to enable States to accelerate capital spending and finance their development/ welfare related expenditure
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Ministry of Finance (India)