From The Tribune
Center Owned by The Tribune TrustCentre releases Rs 1.09 lakh crore in tax devolution to states ahead of festive season
What's behind this
The Centre advanced its regular tax‑devolution instalment to states, releasing ₹1.09 lakh crore on 5 November 2026 instead of the usual 10 November, to enable states to step up spending during the festive season, the Finance Ministry said.
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left · 1 outlet
The monthly instalment, normally released on November 10, has been advanced and released on 5th November 2026, in view of the festive season, the Finance Ministry said in a statement
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center · 2 outlets
New Delhi, November 5 (MExN): Nagaland has received Rs 524 crore as its regular share of central tax devolution, following the Union government’s advance release of Rs 1,09,019 crore to State governments on November 5.The monthly instalment, normally scheduled for November 10, was released five days…
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right · 5 outlets
On November 5, 2026, the Centre released over Rs 1.09 lakh crore to state governments in advance. This release is typically done on November 10 each year, but it was advanced this time. The finance ministry stated that this advance supports states in boosting capital expenditures. The advance aims…
RSS excerpt
The Centre has released Rs 1.09 lakh crore to state governments as tax devolution ahead of the festive season, advancing the regular monthly instalment by five days to help states accelerate capital expenditure and meet development and welfare-related spending requirements.
