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Early release enables State Governments to make in-time releases during festival season
In view of the upcoming festive season, the Union Government has authorised the release of tax devolution of ₹ 72,961.21 crore to State Governments for the month of November 2023, on 7th November instead of the usual date 10th November.
This will enable the State Governments to make in-time releases and add to the festivities and celebrations among the people. State-wise breakup of amounts released is given in the following table:
State-wise distribution of Net Proceeds of Union Taxes and Duties for November, 2023
Sl. No | Name of State | Total (₹ Crore) |
1 | ANDHRA PRADESH | 2952.74 |
2 | ARUNACHAL PRADESH | 1281.93 |
3 | ASSAM | 2282.24 |
4 | BIHAR | 7338.44 |
5 | CHHATTISGARH | 2485.79 |
6 | GOA | 281.63 |
7 | GUJARAT | 2537.59 |
8 | HARYANA | 797.47 |
9 | HIMACHAL PRADESH | 605.57 |
10 | JHARKHAND | 2412.83 |
11 | KARNATAKA | 2660.88 |
12 | KERALA | 1404.50 |
13 | MADHYA PRADESH | 5727.44 |
14 | MAHARASHTRA | 4608.96 |
15 | MANIPUR | 522.41 |
16 | MEGHALAYA | 559.61 |
17 | MIZORAM | 364.80 |
18 | NAGALAND | 415.15 |
19 | ODISHA | 3303.69 |
20 | PUNJAB | 1318.40 |
21 | RAJASTHAN | 4396.64 |
22 | SIKKIM | 283.10 |
23 | TAMIL NADU | 2976.10 |
24 | TELANGANA | 1533.64 |
25 | TRIPURA | 516.56 |
26 | UTTAR PRADESH | 13088.51 |
27 | UTTARAKHAND | 815.71 |
28 | WEST BENGAL | 5488.88 |
| Grand Total | 72961.21 |
Tax devolution released early to states enabling timely festival disbursements and state-wise allocations announced today. Union Government authorised the early release of tax devolution for November 2023, advancing the usual transfer date by three days to enable timely state disbursements during the festival season. A state-wise schedule accompanies the authorisation, specifying individual state allocations and a consolidated Grand Total for the month, thereby effecting an expedited fiscal transfer of Net Proceeds of Union Taxes and Duties for November 2023.
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