Union Government releases tax devolution of Rs.1,09,019 crore to State Governments, as one advance instalment of tax devolution in view of upcoming festive season and to enable States to accelerate capital spending and finance their development/ welfare related expenditure

Union Government releases tax devolution of Rs.1,09,019 crore to State Governments, as one advance instalment of tax devolution in view of upcoming festive season and to enable States to accelerate capital spending and finance their development/ welfare related expenditure https://www.taxtmi.com/news?id=75161 Tax devolution of Rs. 1,09,019 crore was released by the Union Government to State Governments on 31 October 2026 as an additional advance instalment, in addition to regular monthly devolution. It is the second additional instalment in the financial year. The release is intended, in view of the upcoming festive season, to enable States to accelerate capital spending and finance development and welfare expenditure. en-us Mon, 02 Nov 2026 09:55:11 +0530 Mon, 02 Nov 2026 09:55:10 +0530 TaxTMI RSS Generator Union Government releases tax devolution of Rs.1,09,019 crore to State Governments, as one advance instalment of tax devolution in view of upcoming festive season and to enable States to accelerate capital spending and finance their development/ welfare related expenditure https://www.taxtmi.com/news?id=75161 Tax devolution of Rs. 1,09,019 crore was released by the Union Government to State Governments on 31 October 2026 as an additional advance instalment, in addition to regular monthly devolution. It is the second additional instalment in the financial year. The release is intended, in view of the upcoming festive season, to enable States to accelerate capital spending and finance development and welfare expenditure. News - Mon, 02 Nov 2026 09:55:11 +0530 https://www.taxtmi.com/news?id=75161