Centre doubles November tax devolution amount for states
India Today
The Centre will release Rs 95,082 crore as tax devolution to the states this month after including one advance instalment to help them push their capital expenditure, Finance Minister Nirmala Sitharaman said on Monday.
The Centre will release Rs 95,082 crore as tax devolution to the states this month after including one advance instalment to help them push their capital expenditure, Finance Minister Nirmala Sitharaman said on Monday. Interacted virtually with Hon Union FM Smt @nsitharaman along with fellow CMs & State FMs today.Expressed gratitude to Central Govt for its continued support to state during #COVID. Deliberated upon stepping up investment, infra & growth in the state@FinMinIndia @AssamFinDept pic.twitter.com/nEmJ15xsWt
After a meeting with all chief ministers and state finance ministers, Sitharaman said states had said that it would be helpful for them if the tax devolution is front loaded.
