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Tax devolution
August 14 , 2022
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- The Centre released over ₹1.16 lakh crore to States, equivalent to two monthly instalments of tax devolution.
- It helps front-load State governments’ capital spending abilities in this financial year.
- The assured Goods and Services Tax (GST) compensation to States was expired this July.
- A ‘normal monthly tax devolution’ is around ₹58,332.86 crores.
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