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

Maha Kumbh 2025: Ultra-Modern Cruises To Become A Key Attraction For Devotees

The Yogi Adityanath-led UP government will introduce luxury cruises to transport devotees from Kashi to…

22 minutes ago

Aam Aadmi Party Kicks Off ‘Revdi Par Charcha’ Campaign Ahead Of Delhi Elections

On Friday, AAP launched its 'Revdi Par Charcha' campaign to engage Delhi residents in the…

1 hour ago

Canada Denies Allegations Against Indian Leadership; Rejects Criminal Links

The Canadian govt addressed allegations linking Indian leaders to criminal activities, stating there is no…

2 hours ago

Delhi-NCR Faces ‘Very Poor’ Air Quality As Smog Engulfs Region

On Friday morning, Delhi-NCR's air quality was classified as 'very poor,' with a light haze…

2 hours ago

Indian Stock Market Rallies Despite Geopolitical Strains; Buoyed By Strong Domestic Sectors

The Indian stock market displayed resilience, opening on a positive note despite escalating geopolitical tensions…

4 hours ago

Reaffirming Gandhi Ji’s Global Relevance: PM Modi’s International Tributes

Prime Minister Narendra Modi continues to honor Mahatma Gandhi’s ideals beyond India’s borders. During his…

16 hours ago