New Delhi- The government has released the 14th instalment of tax devolution of more than ₹ 1.40 lakh crore to states.
“The Union Government has released 14th instalment of tax devolution to state governments amounting to ₹ 1,40,318 crore today, as against normal monthly devolution of ₹ 70,159 crore,” the finance ministry said in a statement on Friday.
This is in line with the commitment of the Union government to strengthen the hands of states to accelerate their capital and developmental expenditure, it added.