In a bid to enable state governments to accelerate development and capital spending, the BJP-led NDA government released one additional instalment of devolution of taxes, cumulatively amounting to Rs 1,39,750 crore this month.
The Interim Budget 2024-25 had a provision of Rs 12,19,783 crore towards devolution of taxes to states.
With this release, the total amount devolved (for FY 2024-25) to states till June 10 stands at Rs 2,79,500 crore.
Uttar Pradesh got the highest amount at Rs 25,069.88 crore, followed by Bihar at Rs 14,056.12 crore. Madhya Pradesh is third with Rs 10,970.44 crore and West Bengal fourth at Rs 10,513.46 crore.
The Centre in February released Rs 1.42 lakh crore in tax devolution to the states, supplementing the Rs 72,961 crore disbursed earlier in the same month.
“With this release, states have received a total of three instalments of tax devolution in February 2024," said the ministry.
For the development of the North-East region, the Ministry allocated tax devolutions to Assam (Rs 4,371.38 crore), Meghalaya (Rs 1,071.90 crore), Manipur (Rs 1,000.60 crore), Sikkim (Rs 551 crore), Mizoram (Rs 698.78 crore), Nagaland (Rs 795.20 crore) and Tripura (Rs 989.44 crore).
More relief, medical supplies: India continues humanitarian aid to Myanmar
In a heartwarming gesture, Myo Aung, the Chief Minister of Mandalay, visited the facility, witnessing first hand the compassionate care being extended. The Indian Army shared this on X on Tuesday with a few photos.
India, Thailand bilateral trade ties set to strengthen during PM Modi's visit
The recent years saw increased investment from Thailand in India in infrastructure, real estate, agro processing, electronics, automotive, food processing sectors, the hotel hospitality sector and the renewable energy sector.
Uproar in Lok Sabha as SP leads Oppn protest over Waqf Bill
The four-day last leg of Parliament Budget Session 2025 kicked off on an acrimonious note on Tuesday with Opposition MPs forcing an adjournment in the Lok Sabha amid protests led by Samajwadi Party members over the Waqf (Amendment) Bill.
PM Modi and Chilean President hold bilateral talks at Hyderabad House
Prime Minister Narendra Modi on Tuesday met Chilean President Gabriel Boric Font at the Hyderabad House, where the two leaders discussed ways to enhance bilateral engagement across economic, commerce and societal domains.
EAM Jaishankar, Chilean Prez Boric discuss long-standing bilateral ties
External Affairs Minister (EAM) S. Jaishankar on Tuesday held talks with Chilean President Gabriel Boric Font and discussed ways to strenghthen long-standing bilateral ties.
Bengal illegal factory blast: Death toll rises to 8, owners absconding
The police have started a massive search operation at Patharpratima and its adjacent areas to track the two owners of the illegal firecracker factory, Chandrakanta Banik and Tushar Banik, who have gone absconding since the blast took place at around 10 p.m. on Monday.
Commercial LPG cylinder prices cut by Rs 41 in relief for businesses
In a big relief for industries and businesses that rely heavily on cooking fuel, oil marketing companies on Tuesday announced a price cut of Rs 41 on commercial LPG gas cylinders (19 kilograms).
Yunus statement on northeastern states offensive, condemnable: Assam CM Sarma
Assam Chief Minister Himanta Biswa Sarma on Tuesday said the statement of Bangladesh interim government’s chief advisor Muhammad Yunus regarding the seven states of northeast is offensive and condemnable.