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Centre Approves Rs 81,735 Crore Extra Tax Devolution for States on June 2

The extra funds aim to accelerate state capital spending as part of a cooperative federalism drive toward 'Viksit Bharat' by 2047.

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Overview

  • The Finance Ministry confirmed that the additional instalment of Rs 81,735 crore will be released to state governments on June 2, 2025.
  • This tranche comes in addition to the regular monthly devolution instalment of Rs 81,735 crore scheduled for June 10.
  • The extra funds are intended to speed up state capital expenditure and support development and welfare-related projects.
  • States currently receive 41 per cent of centrally collected taxes in instalments over the fiscal year.
  • India achieved 6.5 per cent real GDP growth in FY2024-25 with a 7.4 per cent expansion in the fourth quarter, Finance Minister Nirmala Sitharaman said.