Ministry of Finance
Union Government releases 14th instalment of tax devolution to State Governments amounting to ₹1,40,318 crore to strengthen hands of States to accelerate their capital and developmental expenditure
The Union Government has released 14th instalment of tax devolution to State Governments amounting to ₹1,40,318 crore today, as against normal monthly devolution of ₹70,159 crore.
This is in line with the commitment of Government of India to strengthen the hands of States to accelerate their capital and developmental expenditure.
State-wise breakup of amounts released is given below in the table:
State-wise distribution of Net Proceeds of Union Taxes and Duties for March 2023
|Sl. No||Name of State||Total (Rs. Crore)|