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Union Government releases tax devolution of Rs 1.73 lakh crore to State Governments

Last Updated : Jan 10 2025 | 3:50 PM IST

The Union Government has released tax devolution of Rs 1,73,030 crore to State Governments today, as against the devolution of Rs 89,086 crore in December 2024. A higher amount is being devolved this month to enable states to accelerate capital spending and finance their development and welfare-related expenditures.

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