Two instalments of tax devolution to State Governments amounting to Rs. 1,16,665 crore Released 

Two instalments of tax devolution to State Governments amounting to Rs. 1,16,665 crore Released 

This  in line with the commitment of Government of India to strengthen the hands of States to accelerate their capital and developmental expenditure

The Union Government has released two instalments of tax devolution to State Governments amounting to Rs. 1,16,665 crore today , as against normal monthly devolution of Rs..58,333  crore.

This is in line with the commitment of Government of India to strengthen the hands of States to accelerate their capital and developmental expenditure.

State-wise breakup of amounts released is given below in the table:

State-wise distribution of Net Proceeds of Union Taxes and Duties for November 2022