Govt releases over Rs 1,16000 crore to states as two installments of tax devolution

Union Government has released over one lakh sixteen thousand crore rupees to states as two installments of tax devolution today. It is against normal monthly devolution of nearly fifty nine thousand crore rupees. The top three devolution states are Uttar Pradesh, Bihar and Madhya Pradesh. Government transferred nearly twenty one thousand crore rupees to Uttar Pradesh, Over eleven thousand crore rupees to Bihar, while Madhya Pradesh received over nine thousand crore rupees.

The Finance Ministry stressed that this is in line with the commitment of the Central Government to strengthen the hands of States to accelerate their capital and developmental expenditure.

Click to comment

Leave a Reply

Your email address will not be published.

eleven − one =

News is information about current events. News is provided through many different media: word of mouth, printing, postal systems, broadcasting, electronic communication, and also on the testimony of observers and witnesses to events. It is also used as a platform to manufacture opinion for the population.

Contact Info

D 601  Riddhi Sidhi CHSL
Unnant Nagar Road 2
Kamaraj Nagar, Goreagaon West
Mumbai 400062 .

Email Id: [email protected]

West Bengal

Eastern Regional Office
Indsamachar Digital Media
Siddha Gibson 1,
Gibson Lane, 1st floor, R. No. 114,
Kolkata – 700069.
West Bengal.

Office Address

251 B-Wing,First Floor,
Orchard Corporate Park, Royal Palms,
Arey Road, Goreagon East,
Mumbai – 400065.

Download Our Mobile App

IndSamachar Android App IndSamachar IOS App
To Top
WhatsApp WhatsApp us