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ADDITIONAL TAX DEVOLUTION
FM Nirmala Sitharaman calls Karnataka's stand on Jan Aushadhi Kendras as Congress pettiness, rejects tax devolution chargeThe Jan Aushadhi scheme had made medicines up to 60% cheaper and helped families save nearly Rs 40,000 crore across the country, Sitharaman...- Maharashtra gets Rs 6,418 crore advance instalment of tax devolution from CentreMaharashtra received an advance tax devolution of Rs 6,418 crore from the Central government, Deputy Chief Minister Ajit Pawar announced. T...
- Centre releases additional instalment of tax devolution of Rs 1.01 lakh cr to state govtsThe Centre released an additional Rs 1,01,603 crore in tax devolution to state governments on October 1, 2025, ahead of the festive season....
- Additional Rs 81,735 crore tax devolution ok'd for statesThe central government has approved an additional tax devolution of ₹81,735 crore to state governments. This will be released on June 2. Th...
- Centre okays additional instalment of Rs 81,735 crore as tax devolution to the state govtsThe Centre has approved an additional tax devolution of Rs 81,735 crore to State Governments, scheduled for release on June 2, 2025. This m...
- Govt releases advance instalment of Rs 1.78 lk cr for state govts amid festive seasonThe Union Government announced on Thursday the release of Rs 1,78,173 crore as tax devolution to State Governments, which is double the usu...
- Government receives over ₹10 lakh crore in revenue by July 2024As of July 2024, the Union Government has received a total of ₹10,23,406 crore, accounting for 31.9% of the Budget Estimates (BE) for 2024-...
- Modi govt releases Rs 1.4 lakh crore installment of tax devolution to statesThe Ministry of Finance on Monday announced the release of an additional installment of tax devolution to states for June 2024. The objecti...
- Tripura receives additional tax devolution of Rs 1006 croreThe announcement has been met with appreciation from Tripura Chief Minister Manik Saha, who acknowledges the funding's potential to boost i...
- Bengal gets Rs 5,488cr from Centre as additional instalment of tax devolutionWest 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...
- Centre transfers additional Rs 72,961 crore to states above budgeted tax devolutionThe Indian government released an additional installment of Rs 72,961.21 crore as tax devolution to states, beyond the regular 14 installme...
- Centre releases Rs 72,960 crore to states as tax devolutionThe Indian government released an additional Rs 72,960 crore to states as tax devolution for financing social welfare and infrastructure de...
- Faster tax devolution may not affect states' borrowings, but will boost capex: ExpertsAccording to economists, Faster tax devolution is likely to encourage states to continue on the path of capital spending.
- Centre releases third installment of tax devolution to statesThe government has released one advance instalment, in addition to the regular instalment due in June 2023, to aid states push up capital s...
- Centre releases Rs 95,082 crore to states as January Tax devolutionThis is second advance instalment of Tax devolution, above the states entitlement of Rs 47, 541 crore for January, 2022
- States to forego Rs 44,000 crore from VAT reduction on fuels: ReportAfter months of calls for lowering the taxes on the fuels, the Centre on November 4 cut excise duty on diesel by Rs 10 a litre and by Rs 5 ...
- Centre transfers additional Rs 45,000 crore to states as FY21 tax devolution“The healthy GST collections in the month of March 2021, along with the additional devolution of Rs. 45,000 crore to the state governments ...
- View: States wait for a larger slice in the 15th Finance CommissionStates have also opposed the creation of a non-lapsable defence fund from the gross tax collections by the Centre, saying it would shrink t...
- States may have to cut FY21 capital spending by Rs 3.4 lakh crore: ICRAThe additional borrowing options would push state fiscal deficits to 4.25-5.52% of gross state domestic product (GSDP).
- 14th Finance Commission: Government accepts recommendations; gives higher share to states in central taxes“We are moving away from rigid centralised planning, forcing a 'one-sizefits-all' approach on states,” Prime Minister Narendra Modi said in...
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