India News | Centre Releases Additional Instalment of Tax Devolution of Rs 1.42 Lakh Cr to State Govts
Get latest articles and stories on India at LatestLY. The Centre has released an additional instalment of tax devolution of Rs 1,42,122 crore to state governments.
New Delhi, Feb 29 (PTI) The Centre has released an additional instalment of tax devolution of Rs 1,42,122 crore to state governments.
The release of the additional instalment is aimed at strengthening the hands of state governments for financing various social welfare measures and infrastructure development schemes, the finance ministry said in a statement on Thursday.
This instalment is in addition to the tax devolution of Rs 72,961 crore already released on February 12, 2024.
With Thursday's release, states have received three instalments of tax devolution in February 2024.
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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)