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States Receive Tax Devolution Instalments Worth Rs 1.16 Lakh Crore In August


India has released two instalments of tax devolution to states to help them meet their expenses.The government has released Rs 1,16,665.75 crore on Aug. 10 compared with the normal monthly devolution amount of Rs 58,332.86 crore for FY23, according to a PIB statement.“This is in line with the commitment of Government of India to strengthen the hands of states to accelerate their capital and developmental expenditure,” the statement r…


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