From The Economic Times
Center-Right Owned by Bennett, Coleman & Co.Centre advances November tax devolution, releases Rs 1.09 lakh crore to states ahead of festive season
What's behind this
The Centre advanced a ₹1.09 trillion (₹1.09 lakh crore) tax devolution instalment to states five days ahead of schedule on November 5, aiming to help states accelerate capital expenditure and meet development and welfare spending during the festival season. The release, amounting to Rs 1,09,019 crore, follows an earlier ₹1.09 trillion release on 31 October. A state‑wise breakdown shows Uttar Pradesh receiving the largest share at Rs 19,208 crore and Sikkim the smallest at Rs 365 crore. Currently, 41 percent of taxes collected by the Centre are devolved in 14 instalments over the fiscal year.
AI-generated overview from 3 outlets. It summarises their reporting and adds no reporting of its own.
What each side is saying
One outlet's own words from each side of the spectrum. Quoted, not summarised.
-
center · 1 outlet
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.
-
right · 4 outlets
NEW DELHI: The Centre has released Rs 1,09,019 crore to the states as its regular tax devolution instalment, advancing a payment that would normally have gone out on November 10 so that states can step up spending in the festive season. "In view of upcoming festive season and to enable states to…
RSS excerpt
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…
