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of <h1>Additional Rs 81,735 Crore Tax Devolution Boosts State Finances and Supports Cooperative Federalism Ahead of Scheduled Releases</h1> The government approved an additional tax devolution of Rs 81,735 crore to states, scheduled for release on June 2, complementing the regular monthly instalment of the same amount due on June 10. This move supports cooperative federalism, aims to accelerate state capital spending, and enables financing of development and welfare projects, with 41% of centrally collected taxes being devolved to states during the fiscal year.
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