Published • loading... • Updated
Centre Releases Addition Instalment of Tax Devolution of Rs 1.09 Lakh Crore to States
- On Saturday, the Union Government released an additional Rs 1,09,019 crore in tax devolution to State Governments, marking the second additional instalment of the current financial year 2026-27.
- The Finance Ministry stated the release supports states ahead of the festive season to accelerate capital spending. Under the 16th Finance Commission framework, states are entitled to 41 per cent of the divisible pool of central taxes.
- Uttar Pradesh received the largest allocation of Rs 19,208 crore, followed by Bihar with Rs 10,845 crore and Madhya Pradesh with Rs 8,010 crore.
- Earlier, on August 1, the government released Rs 1,09,019 crore as an advance instalment, while the Union Budget 2026-27 estimated total tax devolution at Rs 15.26 lakh crore.
- Tax devolution distributes a share of central tax collections among State Governments, providing essential resources to finance development and welfare expenditure priorities.
Insights by Ground AI
15 Articles
15 Articles
Centre releases addition instalment of tax devolution of Rs 1.09 lakh cr to states
New Delhi, Oct 31 (PTI) The Centre on Saturday released additional instalment of tax devolution to state governments totalling over Rs 1.09 lakh crore. This is in addition to the regular monthly devolution and the second additional instalment this financial year. The Union government released tax devolution of Rs 1,09,019 crore to state governments, the […]
·New Delhi, India
Read Full ArticleCoverage Details
Total News Sources15
Leaning Left1Leaning Right4Center2Last UpdatedBias Distribution57% Right
Bias Distribution
- 57% of the sources lean Right
57% Right
14%
C 29%
R 57%
Factuality
To view factuality data please Upgrade to Premium
