The Central government has disbursed a substantial installment of ₹1,39,750 crore as part of Tax Devolution to States. This disbursement aligns with the Interim Budget 2024-25, which earmarks ₹12,19,783 crore for tax devolution to States. As of June 10, 2024, a cumulative total of ₹2,79,500 crore has been devolved to States for the fiscal year 2024-25.
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