Centre releases additional instalment of tax devolution to State Govts amounting to ₹1,09,019 cr - State-wise breakup
The Centre has released ₹1.09 lakh crore to states as an additional tax devolution instalment for FY27. Uttar Pradesh received the highest allocation at ₹19,208 crore, followed by Bihar and Madhya Pradesh.
The Centre has released an additional ₹1,09,019 crore to state governments as tax devolution, with the funds earmarked to support states ahead of the festive season. This marks the second instalment of additional tax devolution released by the Centre during the current financial year. The additional funds are intended to enable states to accelerate capital expenditure and finance development and welfare-related spending.
Uttar Pradesh received the highest allocation of ₹19,208 crore, followed by Bihar with ₹10,845 crore, and Madhya Pradesh with ₹8,010 crore. The 10 states receiving the highest allocations include Gujarat at ₹4,094 crore, Jharkhand at ₹3,660 crore, and Chhattisgarh at ₹3,602 crore. The release is aimed at providing states with greater financial resources to meet their expenditure commitments during the festive season.
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- Centre releases addition instalment of tax devolution of Rs 1.09 lakh crore to states economictimes.indiatimes.com
