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Tag: tax devolution

Centre releases additional instalment of tax devolution of ₹1.09 lakh crore to States

Posted on August 1, 2026 By admin
Centre releases additional instalment of tax devolution of ₹1.09 lakh crore to States

Image used for representational purposes. File | Photo Credit: iStockphoto/Getty Images The Finance Ministry on Saturday (August 1, 2026) said the Centre has released an additional instalment of tax devolution to state governments amounting to ₹1.09 lakh crore, which is in addition to the normal monthly amount. Currently, 41% of taxes collected by the Centre…

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Nation

Centre releases additional instalment of tax devolution of ₹1.09 lakh crore to States

Posted on August 1, 2026 By admin
Centre releases additional instalment of tax devolution of ₹1.09 lakh crore to States

Image used for representational purposes. File | Photo Credit: iStockphoto/Getty Images The Finance Ministry on Saturday (August 1, 2026) said the Centre has released an additional instalment of tax devolution to state governments amounting to ₹1.09 lakh crore, which is in addition to the normal monthly amount. Currently, 41% of taxes collected by the Centre…

Read More “Centre releases additional instalment of tax devolution of ₹1.09 lakh crore to States” »

Business

Centre releases ₹1.73 lakh crore towards tax devolution to states

Posted on January 10, 2025 By admin
Centre releases ₹1.73 lakh crore towards tax devolution to states

Union Finance Minister Nirmala Sitharaman | Photo Credit: ANI The Centre on Friday (January 10, 2025) released tax devolution of ₹1.73 lakh crore to the state governments to accelerate capital expenditure and finance welfare activities. “A higher amount is being devolved this month to enable states to accelerate capital spending and finance their development and…

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Business

‘Third-rate PR’: Congress on government authorising release of tax devolution to states for June

Posted on June 11, 2024 By admin
‘Third-rate PR’: Congress on government authorising release of tax devolution to states for June

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…

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