Saturday, January 11
Centre releases tax devolution of Rs 6,130 crore to Karnataka
Centre releases tax devolution of Rs 6,130 crore to Karnataka
Mangalore Today News Network
New Delhi, January 11, 2025: The Union government on Friday released Rs 6,310.40 crore tax devolution amount to Karnataka.
The Union government has released a total tax devolution of Rs 1,73,030 crore to states as against the devolution of Rs 89,086 crore in December 2024.
A higher amount is being devolved this month to enable states to accelerate capital spending and finance their development and welfare-related expenditures, a statement from the Ministry of Finance said.
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