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'Festive Booster': Centre Releases Tax Devolution Of Rs 1,01,603 Crore To States

The decision was taken in view festive season to enable states to accelerate capital spending and finance their development and welfare-related expenditure.

New Delhi: Amid the ongoing festive season, the Union government has released an additional tax devolution of Rs 1,01,603 crore to state governments, the Finance Ministry said on Wednesday. This is an additional amount to the normal monthly devolution, which is scheduled to be released on October 10.

According to the ministry, the decision was taken in view festive season to enable states to accelerate capital spending and finance their development and welfare-related expenditure.

Uttar Pradesh, the nation's most populous

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