Nagaland has received Rs 1,014 crore as part of the Union Government’s release of Rs 1.78 lakh crore in tax devolution to State Governments today.
This release, significantly higher than the usual monthly devolution of Rs 89,086.50 crore, includes an advance installment along with the regular installment due in October 2024.
The additional funds are meant to help states prepare for the upcoming festive season, accelerate capital spending, and support development and welfare-related expenditures. Uttar Pradesh received the largest allocation of Rs 31,962 crore, followed by Bihar (Rs 17,921) and Madhya Pradesh (Rs 13,987).