Business

Centre Gives An Additional Instalment Of Tax Devolution To West Bengal

The Centre has given West Bengal an additional instalment of Rs 5,488.88 crore in tax devolution.

The Centre released Rs 72,961.21 crore to the states as tax devolution on Friday to fund different social welfare and infrastructure development initiatives.

According to the government, this is in addition to the tax devolution instalment due to states on January 10, 2024.

The tax devolution funds are distributed by the Centre in 14 yearly instalments.

Uttar Pradesh received the largest share in the latest allocation, worth Rs 13,088.51 crore. Bihar (Rs 7,338 crore), Madhya Pradesh (Rs 5,727.44 crore), West Bengal (Rs 5,488.88 crore), Maharashtra (Rs 4,608.96 crore), Rajasthan (Rs 4,396.64 crore) and Odisha ( Rs 3,303.69 crore) were the next highest.

Also read: Palestinian Authority And Hamas Disagree On UN Gaza Resolution

Spriha Rai

Recent Posts

SC Seeks Responses In Mathura Krishna Janmabhoomi-Idgah Dispute, Grants Two Weeks To All Parties

The Supreme Court has also paused the Allahabad High Court’s order for a survey of…

3 mins ago

Yogi Government Launches Massive Green Initiative For Maha Kumbh 2025

The Yogi Adityanath administration has launched a tree-planting campaign to make Prayagraj environmentally sustainable for…

20 mins ago

BJP MLA Rajeshwar Singh Calls On Akhilesh Yadav To Act As Positive Opposition In UP DGP Debate

Singh noted that, over seven years, police encounters have killed 197 criminals and injured 6,329.…

31 mins ago

Election Commission Appoints Sanjay Kumar Verma As New DGP For Maharashtra

The Election Commission of India endorsed the appointment of Sanjay Kumar Verma as the new…

1 hour ago

Devotees Mistakenly Collect AC Condensation As ‘Charan Amrit’ At Mathura Temple

Devotees at Mathura's Banke Bihari temple gathered to collect water dripping from a sculpted elephant,…

1 hour ago

State Cannot Claim Private Property Under Article 39(b): Supreme Court

A nine-judge SC bench ruled that the State cannot indiscriminately seize private property for redistribution…

2 hours ago