FinMin releases ₹45,000 crore to States as additional devolution on buoyant Q4 revenue mop-up
The Hindu
The Finance Ministry on Thursday said it has released ₹45,000 crore to the States as additional devolution in the 2020-21 fiscal following revenue buoyancy in the March quarter.As per the Revised Esti
The Finance Ministry on Thursday said it has released ₹45,000 crore to the States as additional devolution in the 2020-21 fiscal following revenue buoyancy in the March quarter. As per the Revised Estimates for 2020-21, ₹5,49,959 crore, being 41 per cent of the shareable pool of taxes and duties were estimated to be released to the states. However, the Finance Ministry has devolved an amount of ₹5,94,996 crore, based on the initial estimates of the shareable pool that would be collected in 2020-21, the ministry said in a statement.
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