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Total transfer of funds to States is estimated to be at ₹ 8.36 lakh crore during 2015-16 (B.E.)as against ₹ 6.77 lakh crore during 2014-15 (RE) and ₹ 6.36 lakh crore during 2013-14;. ₹ 172594 crore already allocated to States till January 2016 as part of Central share towards State plan/ Centrally Sponsored Schemes(CSS) under different sectors and programmes ; ₹ 411681.66 crore (78.56 ) released to the States by way of tax devolution

News and Press Release - Dated:- 22-2-2016 - The Union Government accepted the recommendations of the Fourteenth Finance Commission (FFC) under which there was a phenomenal increase in the tax devolution to the States due to increase of share in the divisible pool of taxes from 32% to 42%. As per its commitment, in the Union Budget for 2015-16, the Ministry of Finance made a provision of ₹ 5.24 lakh crore under devolution of taxes to States as compared to the allocation of ₹ 3.38 lak .....

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during 2015-16, ₹ 44,829.62 crore (91.66 %) has been released so far in eleven installments. Similarly, local bodies grants are estimated to be at ₹ 29987 crore in the year 2015-16 as against ₹ 22,399 crore released in 2014-15. In the current year 2015-16, ₹ 21,227.50 crore (70.78 %) has been released to States for the duly constituted local bodies till date. Under SDRF, an allocation of ₹ 8512.50 crore has been made during 2015-16 and ₹ 8320.09 crore (97.73 .....

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