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The finance ministry said the Centre has released additional instalment of tax devolution to state governments amounting to Rs 1.09 lakh crore, which is in addition to the normal monthly amount
 "Centre releases additional tax devolution of ₹1.09 trillion to states")
The finance ministry on Saturday said the Centre has released additional instalment of tax devolution to state governments amounting to Rs 1.09 trillion, which is in addition to the normal monthly amount.
Currently, 41 per cent of taxes collected by the Centre is devolved in 14 instalments among states during a fiscal year.
"The Union government has released additional instalment of tax devolution to state governments amounting to Rs 1.09 trillion on 1st August 2026, which is in addition to the normal monthly devolution to be released on 10th August 2026," the ministry said in a statement.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
First Published: Aug 01 2026 | 4:02 PM IST
