India News | UP Gets Rs 31,962 Crore Advance Instalment of Tax Devolution from Centre, Largest Among All States
Get latest articles and stories on India at LatestLY. Uttar Pradesh on Thursday received Rs 31,962 crore advance instalment from the central government, the largest share among all states, as part of tax devolution ahead of the festive season.
Lucknow, Oct 10 (PTI) Uttar Pradesh on Thursday received Rs 31,962 crore advance instalment from the central government, the largest share among all states, as part of tax devolution ahead of the festive season.
The central government disbursed Rs 1,78,173 crore in tax devolution to the state governments.
According to an official statement, the central government's allocation is intended to bolster the economic stability of the states ahead of the festive season.
Uttar Pradesh Chief Minister Yogi Adityanath expressed his gratitude to Prime Minister Narendra Modi for the financial support.
"Heartfelt gratitude to Hon. PM Shri @narendramodi Ji and @FinMinIndia for the timely release of Rs 31,962 crore to UP as part of tax devolution. This advance instalment will significantly boost our festive season preparations and accelerate development and welfare initiatives across the state. Together, we are building a stronger and more prosperous Uttar Pradesh," Adityanath wrote on his social media account X.
(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)