Centre releases Rs 1.73 lakh cr towards tax devolution to states

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Centre releases Rs 1.73 lakh cr towards tax devolution to states
News and Press Release
Dated:- 10-1-2025
PTI
New Delhi, Jan 10 (PTI) The Centre on Friday released tax devolution of Rs 1. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 73 lakh crore to the state governments to accelerate capital expenditure and finance welfare activities. "A higher amount is being devolved this month to enable states to accelerate capital spending .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... and finance their development and welfare-related expenditures," the finance ministry said in a statement. The Union government has released tax devolution of Rs 1,73,030 crore to state governments .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... on Friday, as against the devolution of Rs 89,086 crore in December 2024, the ministry added. Currently, 41 per cent of taxes collected by the Centre is devolved in instalments among states during .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... a fiscal year. PTI JD JD SHW
News - Press release - PIB .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X