Centre Releases ₹1.09 Lakh Crore Tax Devolution To States Ahead Of Diwali 2026; Uttar Pradesh Gets Highest Share
New Delhi, Nov 5: The Central government on Thursday released the regular instalment of tax devolution worth Rs 1,09,019 crore to state governments, ahead of the normal release date on November 10 in view of the festive season and Diwali. "In view of upcoming festive season and to enable states to accelerate capital spending and finance their development/welfare related expenditure, the Union…
The Central government in India released a significant tax devolution amount of ₹1,09,019 crore to various state governments ahead of the Diwali festival in 2026. This was done to enable the states to accelerate their capital and developmental expenditure. The release took place on November 5, a day before the usual date of November 10, in anticipation of the festive season.
Uttar Pradesh, the most populous state, received the highest share, amounting to Rs 19,208 crore. Other states such as Bihar, Madhya Pradesh, West Bengal, Maharashtra, and Rajasthan also received substantial amounts - Rs 10,845 crore, Rs 8,010 crore, Rs 7,866 crore, Rs 7,022 crore, and Rs 6,460 crore respectively. The Union Government's decision to release this additional instalment of tax devolution was made to strengthen the financial position of the states and enable them to carry out their developmental and welfare-related expenses.
Written by urgent.news from Free Press Journal's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
