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Centre releases Rs 1,39,750 crore installment of tax devolution to states

BNE News Desk


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New Delhi: The central government has released an additional Rs 1,39,750 crore installment of tax devolution to states for the financial year 2024-25 until June 10.

This amount, in addition to the regular release for June 2024, will enable state governments to accelerate development and capital spending.

The Interim Budget 2024-25 provides Rs. 12,19,783 crore towards tax devolution to states, totaling Rs. 2,79,500 crore for FY 2024-25 until June 10.

Among Northeast Indian states, Assam has been allocated the highest amount (Rs 4,761 crore).

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BNE News Desk