The Union Government has advanced the release of ₹1,09,019 crore in tax devolution to states, bringing forward the regular 10 November instalment to 5 November. The funds are intended to support states’ capital spending and development and welfare expenditure ahead of the festive season.
In view of upcoming festive season and to enable States to accelerate capital spending and finance their development/ welfare related expenditure, Union Government releases regular tax devolution of ₹1,09,019 crore to State Governments in advance
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Ministry of Finance (India)