Saturday, Jun 3, 2023
English News
  • Hyderabad
  • Telangana
  • Andhra Pradesh
  • India
  • World
  • Entertainment
  • Science and Tech
  • Sport
  • Business
  • ...
    • NRI
    • View Point
    • cartoon
    • Columns
    • Reviews
    • Education Today
    • Property
    • Videos
    • Lifestyle
    • Rewind
E-Paper
  • NRI
  • View Point
  • cartoon
  • Columns
  • Reviews
  • Education Today
  • Property
  • Videos
  • Lifestyle
  • Rewind
Home | Telangana | Telangana To Get Rs 1998 Crore From Centre Towards Tax Devolution

Telangana to get Rs 1,998 crore from Centre towards tax devolution

Hyderabad: Telangana will receive Rs 1,998.62 crore from the Centre towards tax devolution for the month of November. The funds are being released by the Union government as part of two instalments of tax devolution to States totalling to Rs 95,082 crore, as a step towards boosting investment in infrastructure sector. The two instalments were […]

By Telangana Today
Updated On - 12:41 AM, Wed - 24 November 21
Telangana to get Rs 1,998 crore from Centre towards tax devolution
whatsapp facebook twitter telegram

Hyderabad: Telangana will receive Rs 1,998.62 crore from the Centre towards tax devolution for the month of November. The funds are being released by the Union government as part of two instalments of tax devolution to States totalling to Rs 95,082 crore, as a step towards boosting investment in infrastructure sector.

The two instalments were released against the normal monthly devolution of Rs 47,541 crore, released by the Union Finance Ministry to the States. These instalments were released on Monday as was decided in a meeting of the Chief Ministers and the Finance Ministers, chaired by Union Finance Minister Nirmala Sitharaman on November 15.

The additional instalment of tax devolution is being released to help the States to focus on infrastructure spending and help them meet their capital expenditure targets for the current financial year. The decision to release the funds was taken after receiving requests from States for ‘front loading’ of tax devolution funds, as it was an exceptional year.

Out of 28 States, Uttar Pradesh received the highest devolution amount of Rs 17,056 crore, followed by Bihar (Rs 9,563 crore), Madhya Pradesh (Rs 7,463 crore), West Bengal (Rs 7,152 crore) and Rajasthan (Rs 5,729 crore).


Now you can get handpicked stories from Telangana Today on Telegram everyday. Click the link to subscribe.

Click to follow Telangana Today Facebook page and Twitter .


  • Follow Us :
  • Tags
  • Central govt
  • tax devolution
  • Telangana

Related News

  • Will strive for Telangana’s development till my last breath, says KCR

    Will strive for Telangana’s development till my last breath, says KCR

  • Telangana writes 70 letters to KRBM on water sharing issues in 3 yrs

    Telangana writes 70 letters to KRBM on water sharing issues in 3 yrs

  • ‘Singareni turnover increased 176 per cent in last nine years’

    ‘Singareni turnover increased 176 per cent in last nine years’

  • Over 30 candidates mentored by Mahesh Bhagwat secure CAPF jobs

    Over 30 candidates mentored by Mahesh Bhagwat secure CAPF jobs

  • Farmers got 1,526 crore on paddy in 2022 against 104 crore in 2013: Harish Rao

    Farmers got 1,526 crore on paddy in 2022 against 104 crore in 2013: Harish Rao

  • Telangana becomes role model to the country: KTR

    Telangana becomes role model to the country: KTR

Latest News

  • WhatsApp bans over 70 accounts in India

    4 mins ago
  • Odisha train accident: Putin expresses grief over loss of lives

    10 mins ago
  • Odisha train accident: 178 Andhra Pradesh passengers on board Coromandel Express say DRM Waltair

    26 mins ago
  • Hyderabad: Apollo Hospitals launches Cancer Champions United initiative

    49 mins ago
  • Elena Rybakina withdraws from French Open due to illness

    54 mins ago
  • Bengaluru gets Grand Imagine Store at Nexus Koramangala Mall

    57 mins ago
  • Odisha: Pained and anguished by terrible train disaster, says Sonia Gandhi

    58 mins ago
  • India records 237 news Covid cases, active caseload declines to 3,502

    1 hour ago

company

  • Home
  • About Us
  • Contact Us

business

  • Subscribe

telangana today

  • Telangana
  • Hyderabad
  • Latest News
  • Entertainment
  • World
  • Andhra Pradesh
  • Science & Tech
  • Sport

follow us

© Copyrights 2022 TELANGANA PUBLICATIONS PVT. LTD. All rights reserved. Powered by Veegam