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Union Government releases another additional installment of tax devolution of 1,42,122 crore rupees

Fri 01 Mar 2024, 10:41:45

Union Government has released another additional installment of tax devolution of 1,42,122 crore rupees to strengthen the hands of State Governments for financing various social welfare measures and infrastructure development schemes.

Finance

Ministry said that this release is in addition to the tax devolution of an installment of 71,061 crore already made on 12th February. With this release, States have received a total of three installments of tax devolution in February.

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