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Centre releases addl instalment of tax devolution of ₹1.09 trn to states
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 finance ministry said in a statement. "This release is in view of the upcoming festive season and to enable states to accelerate capital spending, and also to finance …
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