📷 Image: Wikimedia Commons / Ministry of Finance of India
National
Centre Releases Rs 1.09 Lakh Crore
✍️ The Economic Times
🗓 02 Aug 2026, 02:29 AM
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The Centre has released a significant amount to states, advancing the August tax devolution. This move is expected to support state finances.
In a notable financial move, the Centre has disbursed Rs 1.09 lakh crore to states, effectively advancing the tax devolution for August. This substantial release aims to bolster the financial standing of states, ensuring they can meet their obligations and continue development projects without interruption. The Centre's decision underscores its commitment to supporting state governments during times of financial need. By advancing the tax devolution, the Centre is providing states with the necessary funds to manage their affairs effectively.