Representative image from file. The Centre on Saturday released additional instalment of tax devolution to state governments totalling over ₹1.09 trillion. The Union government released tax devolution of ₹1,09,019 crore to state governments, the finance ministry said in a statement. "This release is in view of the upcoming festive season and to enable states to accelerate capital spending, and also to finance their development/welfare related expenditure," the ministry said.

Currently, 41 per cent of taxes collected by the Centre is devolved in 14 instalments among states during a fiscal year. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) Don't miss the most important news and views of the day. Get them on our Telegram channel First Published: Oct 31 2026 | 9:55 PM IST