Centre Allocates ₹1.09 Lakh Crore to State Governments for Tax Devolution

The Centre has released an additional ₹1.09 lakh crore for tax devolution to state governments, with Karnataka receiving ₹4,504 crore. This is the second additional instalment released in the current financial year, aimed at accelerating capital spending and financing development and welfare-related expenditure ahead of the festive season. Uttar Pradesh and Bihar received the highest allocations.






