New Delhi, 12 June (MTNews): The Central Government has released Rs1,18,280 crore as the third installment of tax devolution to State Governments, exceeding the normal monthly devolution of Rs. 59,140 crore.

 

According to the Finance Ministry, an additional advance installment was disbursed to states, along with the regular installment for the month. The objective was to accelerate capital spending, fund development and welfare-related expenditures, and provide resources for priority projects and schemes.

 

As part of the third installment, Nagaland received Rs 673 crore.

2 thoughts on “Nagaland receives Rs 673 Cr as Centre releases 3rd installment of tax devolution to States”
  1. Thank you for another magnificent article. Where else could anyone get that type of information in such an ideal way of writing? I’ve a presentation next week, and I am on the look for such information.

  2. Excellent blog! Do you have any helpful hints for aspiring writers? I’m hoping to start my own site soon but I’m a little lost on everything. Would you recommend starting with a free platform like WordPress or go for a paid option? There are so many choices out there that I’m completely overwhelmed .. Any tips? Cheers!

Leave a Reply

Your email address will not be published. Required fields are marked *