<h1>India Doubles Tax Devolution to States, Allocates Rs. 95,082 Crore to Boost Fiscal Capacity and Development Initiatives.</h1> The Government of India has released two installments of tax devolution to state governments, totaling Rs. 95,082 crore, to enhance their fiscal capacity. This amount is double the usual monthly devolution of Rs. 47,541 crore. The decision follows a virtual meeting led by a senior government official with state leaders to boost investment and infrastructure. The funds were distributed among various states, with Uttar Pradesh receiving the highest allocation of Rs. 17,056.66 crore, followed by Bihar with Rs. 9,563.30 crore and West Bengal with Rs. 7,152.96 crore. This initiative aims to support states in their developmental activities.