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

PIB Debunks Viral WhatsApp Message On Alleged Social Media & Call Monitoring Rules

The Press Information Bureau (PIB) has declared as false a viral WhatsApp message claiming government…

8 mins ago

Obesity Linked To Alzheimer’s Risk In Adults With Down Syndrome, Study Finds

Obesity, not metabolic syndrome, is linked to higher Alzheimer’s risk in adults with Down syndrome,…

1 hour ago

Amit Shah Approves Rs 1,950 Crore Advance Release To Karnataka And Maharashtra For Flood Relief

The Central Government has allocated substantial financial assistance to various States for disaster response and…

2 hours ago

Our Hearts Are Fuller Than Ever: Parineeti Chopra And Raghav Chadha Welcome Their Baby Boy

Bollywood actress Parineeti Chopra and her husband, politician Raghav Chadha, have become proud parents to…

3 hours ago

WhatsApp Tests Monthly Message Cap To Curb Spam And Unwanted Chats

WhatsApp is preparing to roll out a major update designed to curb spam and unwanted…

4 hours ago

Bullet Discovery At Hyderabad Metro Sparks Police Investigation

A 9 mm bullet was found in a commuter’s bag at Hyderabad’s Moosapet Metro Station,…

5 hours ago