The regular monthly tax devolution instalment was advanced by five days to help states accelerate capital expenditure and welfare spending.
The Centre has released Rs 1.09 lakh crore to state governments as tax devolution on Tuesday, according to reports by India Today, The Tribune and ANI. The disbursement, which was originally scheduled for November 10, was advanced to November 5 to support states during the festive period.
The Ministry of Finance stated that the early release aims to help states step up capital spending and finance development and welfare-related expenditure. The funds are intended to assist with infrastructure projects and public services.
Uttar Pradesh received the largest share of Rs 19,208 crore, followed by Bihar with Rs 10,845 crore and Madhya Pradesh with Rs 8,010 crore. Other significant allocations include Rs 7,866 crore for West Bengal, Rs 7,022 crore for Maharashtra and Rs 6,460 crore for Rajasthan.
Additional amounts were distributed to Odisha (Rs 4,819 crore), Andhra Pradesh (Rs 4,597 crore), Karnataka (Rs 4,504 crore), Tamil Nadu (Rs 4,466 crore) and Gujarat (Rs 4,094 crore). Jharkhand received Rs 3,660 crore, Chhattisgarh Rs 3,602 crore and Assam Rs 3,552 crore.
Smaller allocations were made to states including Kerala (Rs 2,597 crore), Telangana (Rs 2,370 crore), Punjab (Rs 2,176 crore), Haryana (Rs 1,484 crore) and Arunachal Pradesh (Rs 1,476 crore). The release covers the regular monthly tax devolution instalment for all 28 states.
