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Union Government releases 3rd instalment of tax devolution to State governments amounting to Rs.1,18,280 crore

Tue 13 Jun 2023, 11:38:31

New Delhi: The Union Government has released the third instalment of tax devolution to State governments amounting to 1 lakh 18 thousand 280 crore rupees yesterday, as against the normal monthly devolution of 59 thousand 140

crores.

One advance instalment in addition to the regular instalment due in June is being released to States to enable them to speed up capital spending and finance their development and welfare-related expenditure.

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