Tag: Tax Devolution
Grant-in-aid, tax devolution from Centre to States will moderate at 4.5% from 15.3% last fiscal: NSE
New Delhi: State governments across India are expected to face tighter finances in FY25, as grants-in-aid from the Centre are projected to decline by 6.3…
Government receives over ₹10 lakh crore in revenue by July 2024
The Government of India has consolidated its financial accounts up to July 2024, revealing that total receipts amount to ₹10,23,406 crore. This represents 31.9% of…
Faster tax devolution may not affect states’ borrowings, but will boost capex: Experts
Faster tax devolution payments are unlikely to affect states’ market borrowing in fiscal 2024, but may encourage them to increase capital expenditure, said experts. “Size…
Centre releases third installment of tax devolution to states
The centre Monday released Rs 1.18 lakh crore as the third instalment of tax devolution to states in June, a finance ministry statement said. The…
Tax Devolution: Centre releases Rs 1.40 lakh crore tax devolution amount to states
The government has released the 14th instalment of tax devolution of more than Rs 1.40 lakh crore to states. “The Union Government has released 14th…