Itanagar, Aug. 1 -- The union Government on Saturday released an additional instalment of Rs 1,09,019 crore as tax devolution to states, over and above the regular monthly transfer scheduled for August 10, to accelerate capital expenditure and development works.
In a statement, the union Finance Ministry said the advance release is aimed at providing states with greater fiscal space to fast-track infrastructure projects and welfare programmes.
According to the state-wise allocation, Uttar Pradesh received the highest share of Rs 19,208 crore, followed by Bihar with Rs 10,845 crore and Madhya Pradesh with Rs 8,010 crore. Among the Northeastern states, Assam received the highest allocation of Rs 3,552 crore, while Arunachal Pradesh was allo...