Centre releases states Rs 1.09 lakh cr festive boost
Uttar Pradesh received the largest allocation of ₹19,208 crore, followed by Bihar at ₹10,845 crore. Madhya Pradesh was allocated ₹8,010 crore, West Bengal ₹7,866 crore, Maharashtra ₹7,022 crore and Rajasthan ₹6,460 crore. Odisha received ₹4,819 crore and Andhra Pradesh ₹4,597 crore.
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 buoyant tax collections.
The funds, she said, would help states accelerate infrastructure development, finance welfare programmes and provide further momentum to economic growth across the country. Uttar Pradesh received the largest allocation of ₹19,208 crore, followed by Bihar at ₹10,845 crore. Madhya Pradesh was allocated ₹8,010 crore, West Bengal ₹7,866 crore, Maharashtra ₹7,022 crore and Rajasthan ₹6,460 crore.
Odisha received ₹4,819 crore and Andhra Pradesh ₹4,597 crore.
Source: ET Economy, BusinessLine Economy, Mint Economy
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