Govt releases Rs 1.4 trn monthly instalment tax devolution to states
The monthly instalment for March is much more than the normal monthly devolution of Rs 70,159 crore made for states
 "tax, CBDT")
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The Central government has released Rs 1,40,318 crore as monthly instalment towards tax devolution to states.
The monthly instalment for March is much more than the normal monthly devolution of Rs 70,159 crore made for states.
This is in line with the commitment of the Central government to strengthen the hands of states to accelerate their capital and developmental expenditure, an official statement said.
Uttar Pradesh received the highest instalment of Rs 24,783 crore among all states.
--IANS
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(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.)
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First Published: Mar 10 2023 | 10:49 PM IST