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TMI BlogMinistry of Finance releases ₹45,000 crore as additional devolution to States in FY 2020-21X X X X Extracts X X X X X X X X Extracts X X X X ..... Ministry of Finance releases ₹45,000 crore as additional devolution to States in FY 2020-21 - News and Press Release Dated:- 1-4-2021 - News - The Ministry of Finance, Government of India, released ₹45,000 crore as additional devolution to States in FY 2020-21. This is an increase of 8.2% over RE 2020-21. As per RE 2020-21, ₹5,49,959 crore, being 41% of the shareable pool of t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... axes and duties were estimated to be released to the States. However, Ministry of Finance has devolved an amount of ₹5,94,996 crore, based on the initial estimates of shareable pool that would be collected in 2020-21. The Ministry of Finance has released these amounts to share the revenue buoyancy seen in Q4 2020-21 and in the true spirit of fiscal federalism. The additional amount of &# ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 8377;45,000 crore was released in two instalments of ₹14,500 crore and ₹30,500 crore. ₹14,500 crore was released along with the 14 th regular instalment of devolution on 26 th March 2021, whereas the second instalment of ₹30,500 crore was released to the States on 31 st March 2021. Sl. No State RE 2020-21 A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dditional over RE 2020-21 Overall releases in FY 2020-21 1 Andhra Pradesh 22,611 1,850 24,461 2 Arunachal Pradesh 9,681 792 10,473 3 Assam 17,220 1,409 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 18,629 4 Bihar 55,334 4,527 59,861 5 Chhattisgarh 18,799 1,538 20,338 6 Goa 2,123 174 2,296 7 Guj ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... arat 18,689 1,529 20,219 8 Haryana 5,951 487 6,438 9 Himachal Pradesh 4,394 360 4,754 10 Jharkhand 18,221 1,491 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 19,712 11 Karnataka 20,053 1,641 21,694 12 Kerala 10,686 874 11,560 13 Madhya Pradesh 43,373 3,549 46,922 14 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Maharashtra 33,743 2,761 36,504 15 Manipur 3,949 323 4,272 16 Meghalaya 4,207 344 4,552 17 Mizoram 2,783 228 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3,011 18 Nagaland 3,151 258 3,409 19 Odisha 25,460 2,083 27,543 20 Punjab 9,834 805 10,638 21 Rajasthan ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 32,885 2,690 35,576 22 Sikkim 2,134 175 2,308 23 Tamil Nadu 23,039 1,885 24,924 24 Telangana 11,732 960 12,692 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 25 Tripura 3,899 319 4,218 26 Uttar Pradesh 98,618 8,069 1,06,687 27 Uttarakhand 6,072 497 6,569 28 West Bengal ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 41,353 3,384 44,737 - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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