Economy
Centre Releases Additional Tax Devolution of ₹1.09 Lakh Crore
The Hindu1h
THE BRIEF
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The Union government released an additional tax devolution instalment of ₹1,09,019 crore to state governments on Saturday, October 31, 2026.
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The Centre normally devolves 41% of collected taxes among states in 14 instalments over the course of a fiscal year.
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The Finance Ministry stated that the release aims to help states accelerate capital spending and fund welfare expenditure ahead of the festive season.