File picture of Congress leader Jairam Ramesh
| Photo Credit: ANI
The Congress slammed the Centre on Monday after it authorised the release of tax devolution to States for June and said this is “third-rate PR” trying to pass off what is legitimately due to States as some “prasad” being distributed.
The Centre on Monday authorised the release of tax devolution of ₹1,39,750 crore to States for June.
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It was decided that apart from the regular release of the devolution amount for the month of June 2024, one additional instalment will be released, the Finance Ministry said in a statement.
Congress general secretary Jairam Ramesh said, “The finance ministry has just announced what is being billed as a major tax devolution to States. Undoubtedly this has been done at the behest of the ‘one-third’ PM.”
“Tax devolutions to States are no special favours being done by men of non-biological origin. They are Constitutional entitlements determined by the finance commission,” Mr. Ramesh said in a post on X.
“This is third-rate PR trying to pass off what is legitimately due to states as some prasad being distributed,” he said.
Currently, 41% of taxes collected by the Centre is devolved in 14 instalments among states during a fiscal year.
With this release, the total amount devolved (for FY 2024-25) to States till June 10, 2024, is ₹2,79,500 crore, it added.