From The Hindu BusinessLine
Center-Right Owned by The Hindu Group (Kasturi & Sons)UP got maximum out of ₹1.09 lakh crore paid as tax devolution instalment in advance
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center · 2 outlets
New Delhi, November 5 (IANS): The Central government on Thursday released the regular instalment of tax devolution worth Rs 1,09,019 crore to state governments, ahead of the normal release date on November 10 in view of the festive season and Diwali."In view of upcoming festive season and to enable…
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right · 2 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
Currently, 41 per cent of taxes collected by the Centre are devolved in 14 instalments among States during a fiscal year