The regular monthly instalment was advanced by five days to support state development and welfare spending during the festive season.
The Union Government released Rs 1,09,019 crore in tax devolution to state governments on Thursday, November 5, according to reports by India Today, The Hindu and The Tribune. This regular monthly instalment was advanced by five days from its usual November 10 schedule to assist states during the festive period.
The Finance Ministry stated that the early disbursement aims to help states increase capital expenditure and fund various development and welfare-related costs. Currently, 41 per cent of taxes collected by the Centre is distributed among states in 14 instalments throughout a fiscal year.
Uttar Pradesh received the highest amount at 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 funds 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 amounts were allocated 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 all 28 states.
