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West Bengal has received Rs 5,488.88 crore as an additional instalment of tax devolution out of Rs 72,961.21 crore by Centre. Largest share was allocated to Uttar Pradesh.
This instalment is in addition to the tax devolution instalment due to states on January 10, 2024 and the instalment released on December 11, 2023.
The Indian government released an additional Rs 72,960 crore to states as tax devolution for financing social welfare and infrastructure development. This comes in addition to the installment due on January 10, 2024, and the Rs 72,961.21 crore released on December 11, 2023. The move aims to strengthen states' capacity for various developmental initiatives.
This is the second double installment of tax devolution to states from the Centre for the year 2023-24, with the first coming in June 2023.
This is the second double installment of tax devolution to states from the Centre for the year 2023-24, with the first coming in June 2023.