Centre releases additional Rs 1,09,019 crore tax devolution to states to boost capital spending
- On Saturday, August 1, 2026, the Union government released an additional Rs 1,09,019 crore in tax devolution to state governments, aiming to accelerate capital and developmental expenditure across the country.
- This additional tranche is separate from the regular monthly devolution scheduled for August 10, reflecting the Centre's commitment to strengthen state finances and boost developmental initiatives.
- Uttar Pradesh received the largest share at Rs 19,208 crore, followed by Bihar with Rs 10,845 crore, Madhya Pradesh with Rs 8,010 crore, and West Bengal with Rs 7,866 crore.
- Kerala received Rs 2,597 crore to boost capital spending, while Telangana and Punjab were allocated Rs 2,370 crore and Rs 2,176 crore respectively.
- Currently, 41 per cent of taxes collected by the Centre is devolved among states in 14 instalments during a fiscal year, providing consistent funding for developmental projects.
18 Articles
18 Articles
Centre Advances Rs 1.09 Lakh Crore Tax Devolution to States to Boost Spending
Get latest articles and stories on Business at LatestLY. The Union Government on Saturday released an additional instalment of Rs 1,09,019 crore as tax devolution to state governments, ahead of the regular monthly transfer due on August 10, to help states step up capital spending and development works. Business News | Centre Advances Rs 1.09 Lakh Crore Tax Devolution to States to Boost Spending.
The Economic Times
Times of IndiaCentre releases additional Rs 1,09,019 crore tax devolution to states to boost capital spending
The Union government released an additional Rs 1,09,019 crore tax devolution on August 1, 2026. This amount is separate from the scheduled monthly devolution for August. The move aims to strengthen state finances and boost developmental expenditure. Uttar Pradesh received the largest share of this additional fund. Other states like Bihar and Madhya Pradesh also received significant allocations.
Read gets Rs 4,819 cr from Centre in advance tax devolution
New Delhi/Bhubaneswar: Read received Rs 4,819 crore from the Centre in advance tax devolution Saturday. The government said it has released additional instalment of tax devolution worth Rs 1,09,019 crore to state governments, which is in addition to the normal monthly devolution to be released on August 10. The release on August 1 is in line with the commitment of Government of India to strengthen the finances of states to accelerate their capit…
Coverage Details
Bias Distribution
- 66% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
