Centre Authorises Release Of Rs 1.39 Lakh Crore Tax Devolution To States For June

It was decided that apart from the regular release of the devolution amount for June 2024, one additional instalment will be released, the Finance Ministry said in a statement.

The Centre on Monday authorised the release of tax devolution of Rs 1,39,750 crore to states for June.

It was decided that apart from the regular release of the devolution amount for June 2024, one additional instalment will be released, the Finance Ministry said in a statement.

"This cumulatively amounts to Rs 1,39,750 crore in the current month. This will enable State Governments to accelerate development and capital spending," it added.