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Kolkata, West Bengal has acquired Rs 5,488.88 crore as an extra instalment of tax devolution by the Centre. On Friday, the Centre had disbursed Rs 72,961.21 crore to all states as tax devolution for funding varied social welfare measures and infrastructure growth schemes.
This comes along with the tax devolution instalment as a consequence of states on January 10, 2024, the federal government mentioned.
The Centre disburses tax devolution funds in 14 yearly instalments.
Within the newest allocation, Uttar Pradesh acquired the most important share at Rs 13,088.51 crore. This was adopted by Bihar (Rs 7,338 crore), Madhya Pradesh (Rs 5,727.44 crore), West Bengal (Rs 5,488.88 crore), Maharashtra (Rs 4,608.96 crore), Rajasthan (Rs 4,396.64 crore) and Odisha ( Rs 3,303.69 crore).
