Centre Releases ₹1,09,019 Crore Tax Devolution to States

The Union Government released ₹1,09,019 crore as an advance instalment of tax devolution to states on August 1, 2026, to boost capital expenditure.

Specific allocations include ₹2,597 crore for Kerala and ₹7,866 crore for West Bengal, aimed at accelerating regional infrastructure development.

This advance transfer is intended to provide states with immediate liquidity to meet their fiscal targets and sustain ongoing development projects.