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Union Government Releases Tax Devolution Of ₹1,73,030 Crore To State Governments To Accelerate Capital Spending And Finance Their Development And Welfare-related Expenditures

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Union Government releases tax devolution of ?1,73,030 crore to State Governments to accelerate capital spending and finance their development and welfare-related expenditures

New Delhi: The Union Government has released tax devolution of ₹1,73,030 crore to State Governments today, as against the devolution of ₹89,086 crore in December 2024.

A higher amount is being devolved this month to enable states to accelerate capital spending and finance their development and welfare-related expenditures, stated a press release.

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