Centre state tax devolution: Centre transfers additional Rs 72,961 crore to states above budgeted tax devolution
The Indian government released an additional installment of Rs 72,961.21 crore as tax devolution to states, beyond the regular 14 installments recommended by the Finance Commission. This extra fund aims to strengthen the states capacity for financing social welfare measures and infrastructure projects.
New Delhi Union Government Finance Commission New Year State Governments Centre State Tax Devolution
Source: indiatimes.com