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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.
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El gobierno indio asigna 1,73,030 crore a los estados, un aumento significativo para impulsar el desarrollo y el bienestar.