From Livemint
Center-Right Owned by HT Media Ltd.Centre advances ₹1.09 trillion tax transfer to states amid festival season spending
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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RSS excerpt
The five-day advance is aimed at helping states accelerate capital expenditure and meet development and welfare spending needs, following an additional ₹1.09 trillion release on 31 October.
