Government releases Rs 1.39 lakh crore as tax devolution to states up received the most

Tax Devolution: Prime Minister Narendra Modi has formed the government in the country for the third consecutive time. On Monday, he has also divided the departments among his ministers. The command of the Finance Ministry has once again been handed over to Nirmala Sitharaman. With the formation of the NDA government, the Finance Ministry has sent more than Rs 1.39 lakh crore to the states for June 2024. This money has been released as an additional installment of Tax Devolution. More than Rs 25 thousand crore has been given to Uttar Pradesh. With the help of this money, many development schemes in the states will be able to gain momentum.

12 lakh crores were given in the interim budget

In the interim budget 2024-25 presented by Nirmala Sitharaman, a provision of Rs 12,19,783 crore was made for tax devolution to the states. With this additional Rs 1,39,750 crore, a total of Rs 2,79,500 crore has been given to the states for the financial year 2024-25 till June 10, 2024. This will enable the state governments to accelerate development and capital spending. Currently, 41 per cent of the total tax collected by the central government in a financial year is distributed among the states in 14 installments.

UP got more than Rs 25000 crore

According to the information given by the Finance Ministry, Uttar Pradesh has received the highest amount of Rs 25069.88 crore. Bihar is at the second place. It has been given Rs 14056.12 crore. Madhya Pradesh is at the third place with Rs 10970.44 crore.

Congress said this money is the right of the states

Meanwhile, the Congress has condemned this decision and said that the central government is gaining popularity by giving the money that is due to the states. Congress leader Jairam Ramesh said that this is not a prasad. This is not a special facility given to the states by the central government.

read this also

Narendra Modi 3.0: Economy has these expectations from Narendra Modi and Nirmala Sitharaman, 100 day agenda will come soon

Billy Ray Cyrus Is ‘More Relieved Every Day’ After Split from Firerose, Source Says (Exclusive)

Billy Ray Cyrus feels "relieved" to be moving on from his marriage to Firerose, a source tells PEOPLE. The country star, 62, ...

Children Funds: Investment in children mutual funds is increasing, AUM increased by 140 percent in 5 years

Investment in children's mutual funds has increased rapidly in recent years. According to the data, the assets being managed by ...

Saurabh Netravalkar took wickets from Virat Kohli Rohit Sharma to Reeza Hendricks and Aiden Markram in T20I World Cup 2024

Saurabh Netravalkar wickets in T20 World Cup 2024: In the T20 World Cup 2024, co-host USA has surprised everyone with ...

NEET UG 2024 Timeline From Exam Conduction result release to re exam know all events till date

The uproar over NEET UG exam 2024 is not stopping. Even today there is a hearing in the Supreme Court ...

WhatsApp Scam: HDFC Securities warns, investors should avoid this WhatsApp scam

The trend of investors towards the stock market is increasing rapidly. Especially the number of retail investors is increasing continuously ...

Silver record hike of more than 1400 rupees gold hike to 350 rupees in mcx on 20 June 2024 know latest price

Gold Silver Price on 20 June 2024: If you are thinking of buying gold and silver on Thursday, then there ...

IND W vs SA W Smriti Mandhana and Virat Kohli have the same bowling action, jersey number records most ODI centuries for India

Smriti Mandhana and Virat Kohli: In women's international cricket, a three-match ODI series is being played between India and South ...

signs that your air conditioner is going to be blast tips to care for your ac in summer

AC Care Tips: In many states of India, people are facing scorching heat. On top of that, heatwave has already ...

On this day 13 years ago in 2011, Virat Kohli made his Test debut and became the most successful captain of the Indian cricket team.

Virat Kohli's Test debut: Team India has a rare diamond in the form of Virat Kohli. Kohli is one of ...

NEET Re Exam 2024 on 23 June admit card released, does candidates have to pay fees again how it affects their future

NEET UG 2024 Re-Exam Fees: The controversy that started after the release of the results of NEET UG Exam 2024 ...

Leave a Comment