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DD News 2026-11-05
Centre allocates over Rs 1 lakh crore in tax devolution to states before festive season The Centre has released ₹1,09,019 crore in tax devolution to state governments, advancing the payment by five days to support festive season expenditures. This early disbursement, typically scheduled for November 10, aims to help states enhance capital spending and fund development initiatives. Uttar Pradesh received the largest share at ₹19,208 crore, followed by Bihar and Madhya Pradesh with allocations of ₹10,845 crore and ₹8,010 crore, respectively. Other states also received significant amounts, including West Bengal, Maharashtra, and Rajasthan, contributing to a total distribution that supports various welfare-related projects across the country.
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