Centre Advances ₹1.09 Lakh Crore Tax Devolution to States
· Business · The Hindu, LiveMint
The Union Government has released ₹1.09 lakh crore in tax devolution to state governments in advance of the scheduled November 10 date. The Finance Ministry stated that the payment was moved to November 5, 2026, to help states accelerate capital spending and fund welfare initiatives during the festive season. Currently, 41% of central tax collections are distributed to states in 14 installments throughout the fiscal year. This advance release is intended to support state-level development and welfare expenditures.
Why it matters
The early release of funds provides states with immediate liquidity to boost capital spending and manage welfare programs during the peak festive period.
Read the original report — The Hindu
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