New Delhi : The Union Government has released two instalments of tax devolution to State Governments amounting to Rs. 1,16,665.75 crore on 10th August, 2022, as against normal monthly devolution of Rs..58,332.86 crore.
This is in line with the commitment of Government of India to strengthen the hands of States to accelerate their capital and developmental expenditure.
State-wise breakup of amounts released is given below in the table:
State-wise distribution of Net Proceeds of Union Taxes and Duties for August 2022
|Sl. No||Name of State||Total (Rs. Crore)|