02-November-2026
Economy News
 
Centre releases states Rs 1.09 lakh cr festive boost
02-Nov-2026

The Centre on Saturday released an additional Rs 1,09,019 crore to state governments as tax devolution. This is over and above the regular monthly transfer ahead of the festive season, giving states additional resources to step up capital expenditure and meet development and welfare commitments. Finance minister Nirmala Sitharaman, in a social media post, said the second additional instalment of tax devolution in the current financial year was supported by strong economic activity and buoyant tax collections. The funds, she said, would help states accelerate infrastructure development, finance welfare programmes and provide further momentum to economic growth across the country.

News Source:- https://economictimes.indiatimes.com/news/economy/finance/centre-releases-addition-instalment-of-tax-devolution-of-rs-1-09-lakh-crore-to-states/articleshow/135405282.cms