Finance Minister Nirmala Sitharaman. File | Photo Credit: Vengadesh R. The Centre on Saturday (October 31, 2026) released an additional instalment of tax devolution to state governments totalling over ₹1.09 lakh crore.This is in addition to the regular monthly devolution and the second additional instalment this financial year.The Union government released tax devolution of ₹1,09,019 crore to state governments, the Finance Ministry said in a statement."This release is in view of the upcoming festive season and to enable states to accelerate capital spending, and also to finance their development/welfare related expenditure," the Ministry said.Currently, 41% of taxes collected by the Centre is devolved in 14 instalments among states during a fiscal year. Published - October 31, 2026 10:06 pm IST
Centre releases additional instalment of tax devolution of ₹1.09 lakh crore to states
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