Indian government allocates ₹1,73,030 crore to states, a significant rise to boost development and welfare.

The Indian Union Government has released ₹1,73,030 crore to state governments for tax devolution, a significant increase from the ₹89,086 crore in December 2024. This increased allocation aims to boost state capital spending and finance development and welfare-related expenses. The funds are distributed based on recommendations from the Finance Commission, which suggests a 41% allocation of the Central government's divisible tax pool to states for the 2021-26 period. States like Uttar Pradesh and West Bengal received the largest shares, while Goa received ₹667.9 crore.

January 10, 2025
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