Nirmala Sitharaman at an earlier event. File image.
Bengaluru: Karnataka has been allotted ₹4,504 crore as part of an additional tax devolution instalment of ₹1,09,019 crore released by the Union government to States on October 31, according to the Union Finance Ministry’s state-wise allocation.
The release is over and above the regular monthly tax devolution. It is the second additional instalment in the current financial year, the government said.
The Union Government has released an additional instalment of tax devolution of ₹1,09,019 crore to States, over and above the regular monthly instalment.
The Finance Ministry said the advance instalment was released in view of the upcoming festive season to enable States to accelerate capital spending and finance development and welfare expenditure.
Union Finance Minister Nirmala Sitharaman attributed the additional instalment to stronger economic activity and buoyant tax collections.
Selected state allocations
| State | Amount released (₹ crore) |
|---|---|
| Andhra Pradesh | 4,597 |
| Karnataka | 4,504 |
| Kerala | 2,597 |
| Maharashtra | 7,022 |
| Tamil Nadu | 4,466 |
| Telangana | 2,370 |
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