State Get INR 95,082 Cr Tax Devolution

The center on Tuesday released two instalment of tax devolution to states amounting to Rs 95,082 crore, as against normal monthly devolution of Rs 47,541crore. finance minister Nirmala Sitharaman had earlier said this would include advancer release of one instalment of central tax devolution, to help states drive our capital expenditure and aid growth. The decision was taken after she met states to discuss ideas to drum up investment into a recovered economy post the second Covid wave. S-ET

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