Economic TimesLean R·
Centre releases Rs 1.09 lakh crore to states
New Delhi: The Centre on Saturday released an additional ₹1,09,019 crore to state governments as tax devolution. This is over and above the regular monthly transfer ahead of the festive season, giving states additional resources to step up capital expenditure and meet development and welfare commitments.Finance minister Nirmala Sitharaman, in a social media post, said the second additional instalment of tax devolution in the current financial year was supported by strong economic activity and b…
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