FinMin gives Rs 46,000 cr in April devolution as states fight coronavirus

Chief Ministers and state finance ministers have written to the centre seeking funds to deal with the pandemic.

The Finance Ministry said on Monday that it will release Rs 46,038.7 crore to states as devolution for April, marking the amount from the divisible pool of central taxes and duties.

“The inter-se share is as per the recommendations of the 15th Finance Commission. To assist States effectively address situation arising out of COVID19 global pandemic, as a special dispensation, the calculation of net proceeds of shareable taxes has been kept unchanged as per Budget 2020-21,” the Ministry said on its official twitter account.

Earlier this month,