Ministry of Finance releases 45,000 crore as additional devolution to States in FY 2020-21

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....inistry of Finance releases 45,000 crore as additional devolution to States in FY 2020-21 <br>News and Press Release<br>Dated:- 1-4-2021<br><BR>The Ministry of Finance, Government of India, released &#8377;45,000 crore as additional devolution to States in FY 2020-21. This is an increase of 8.2% over RE 2020-21. As per RE 2020-21, &#8377;5,49,959 crore, being 41% of the shareable pool of taxes and....

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.... duties were estimated to be released to the States. However, Ministry of Finance has devolved an amount of &#8377;5,94,996 crore, based on the initial estimates of shareable pool that would be collected in 2020-21. The Ministry of Finance has released these amounts to share the revenue buoyancy seen in Q4 2020-21 and in the true spirit of fiscal federalism. The additional amount of &#8377;45,000....

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.... crore was released in two instalments of &#8377;14,500 crore and &#8377;30,500 crore. &#8377;14,500 crore was released along with the 14th regular instalment of devolution on 26th March 2021, whereas the second instalment of &#8377;30,500 crore was released to the States on 31st March 2021. Sl. No State RE 2020-21 Additional over RE 2020-21 Overall releases in FY 2020-21 1 Andhra Pradesh ....

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....22,611 1,850 24,461 2 Arunachal Pradesh 9,681 792 10,473 3 Assam 17,220 1,409 18,629 4 Bihar 55,334 4,527 59,861 5 Chhattisgarh 18,799 1,538 20,338 6 Goa 2,123 174 2,296 7 Gujarat 18,689 1,529 20,219 8 Haryana 5,951 487 6,438 9 Himachal Pradesh 4,394 360 4,754 10 Jharkhand 18,221 1,491 19,712 11 Karnataka 20,053 1,641 21,694 12 Kerala 10,686 ....

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....874 11,560 13 Madhya Pradesh 43,373 3,549 46,922 14 Maharashtra 33,743 2,761 36,504 15 Manipur 3,949 323 4,272 16 Meghalaya 4,207 344 4,552 17 Mizoram 2,783 228 3,011 18 Nagaland 3,151 258 3,409 19 Odisha 25,460 2,083 27,543 20 Punjab 9,834 805 10,638 21 Rajasthan 32,885 2,690 35,576 22 Sikkim 2,134 175 2,308 23 Tamil Nadu 23,039 1,885 24,924....

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.... 24 Telangana 11,732 960 12,692 25 Tripura 3,899 319 4,218 26 Uttar Pradesh 98,618 8,069 1,06,687 27 Uttarakhand 6,072 497 6,569 28 West Bengal 41,353 3,384 44,737<BR> News - Press release - PIB....