Centre Releases Rs 1.09 Lakh Crore in Advance Tax Devolution to States
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Insights by Echo AI
The Union government released ₹1,09,019 crore to state governments as an additional instalment of tax devolution, over and above the regular monthly transfer scheduled for August 10. The advance transfer gives states additional fiscal resources ahead of the scheduled monthly devolution to support spending and development programmes, particularly capital and development spending.
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