The Finance Ministry, on Thursday (January 20), announced that the Centre will release an advance installment of tax devolution to the states amounting to Rs 47,541 crore.
Poll bound states of Uttar Pradesh will receive Rs 17,056.66 crore, Uttarakhand Rs 1,063.02 crore, Punjab will receive Rs 1,718.16 crore and Goa is going to get Rs 367.02 crore along with all other states.
Union Minister for Finance Nirmala Sitharaman today authorised the release of an advance instalment of tax devolution to State Governments amounting to Rs 47,541 crore.
Earlier this month, Finance Minister Nirmala Sitharaman had said that the Centre would release additional devolution funds due to states on November 22 to enable them to spend more on capital expenditure.