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Centre Releases Two Installments Of Tax Devolution To States Worth Rs 1,16,665.75 Cr

The ministry of finance in a press statement said that this is in line with the commitment of the government to strengthen the hands of states to accelerate their capital and developmental expenditure

Photo Credit : PTI

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The centre on Wednesday released two installments of tax devolution to state governments amounting to Rs 1,16,665.75  crore as against the normal monthly devolution of Rs 58,332.86 crore.

The ministry of finance in a press statement said that this is in line with the commitment of the government to strengthen the hands of states to accelerate their capital and developmental expenditure.

The states like Andhra Pradesh received Rs 4,721.44 crore, Assam received Rs 3,649.30) and Bihar got Rs 11,734.22.

 


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