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Centre releases two installments of tax devolution to State Govts

Centre releases two installments of tax devolution to State Govts

  • The Centre has released two installments of tax devolution to State Govts amounting to 95,082 crore rupees as against normal monthly devolution of 47,541 crore rupees.
  • Out of the total amount, the highest amount of nearly 17,056 crore rupees has been released to Uttar Pradesh followed by around 9,563 crore rupees to Bihar, 7,463 crore rupees to Madhya Pradesh while West Bengal has received around 7,152 crore rupees.