Center releases two installments of ₹ 1.16 lakh crore to states for their share in central taxes

Center Releases Two Installations: The Central Government has released two installments of Rs 1.16 lakh crore to the states as their share in central taxes. This will help the states to increase their capital expenditure.

Ministry gave information on Twitter

The Union Finance Ministry has given information about this on Twitter.

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The Finance Ministry said that, “The central government has released two installments of Rs 1,16,665 crore to the state governments as their share in central taxes. Normally, monthly installments of Rs 58,333 crore are released to the states.

41 percent share given to the states in 14 installments
The Union Finance Ministry said in a statement that this will help the states in spending on their capital and development works. At present, 41 percent of the tax collected by the Center in a financial year is given to the states in 14 installments.

UP and Bihar sent maximum money
Let us tell you that as their share in central taxes, Uttar Pradesh has released the highest installment of Rs 20929 crore and second number to Bihar is Rs 11,734 crore.

Money sent from the center to the states for November, see this way

Name of State Total (Rs. Crore)
ANDHRA PRADESH 4721
ARUNACHAL PRADESH 2050
ASSAM 3649
BIHAR 11734
CHHATTISGARH 3975
GOA 450
GUJARAT 4058
HARYANA 1275
HIMACHAL PRADESH 968
JHARKHAND 3858
KARNATAKA 4255
KERALA 2246
MADHYA PRADESH 9158
MAHARASHTRA 7370
MANIPUR 835
MEGHALAYA 895
MIZORAM 583
NAGALAND 664
ODISHA 5283
PUNJAB 2108
RAJASTHAN 7030
SIKKIM 453
TAMIL NADU 4759
TELANGANA 2452
TRIPURA 826
UTTAR PRADESH 20929
UTTARAKHAND 1304
WEST BENGAL 8777
Grand Total 116665

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