Union government releases Rs 1.17 lakh crore to states as tax devolution

The Union government on August 10 released Rs 1.17 lakh crore to states as tax devolution. This is in line with the commitment of the government of India to strengthen the hands of states to accelerate their capital and developmental expenditure, the finance ministry said in a statement. The Centre's tax devolution to states is done in 14 instalments every year.

Powered by Capital Market - Live News