Meghalaya Receives Over Rs 1,327 Crore in Increased Tax Devolution

SHILLONG: Meghalaya received over Rs 1,327.13 crore as part of the tax devolution on Friday. The Union Government has allocated a total of Rs 1,73,030 crore to state governments, compared to Rs 89,086 crore in December 2024. This increased devolution is aimed at supporting states in boosting capital spending and funding their development and welfare initiatives.

Meanwhile, the Union Government released a tax devolution of Rs 1,73,030 crore to state governments on Friday, up from 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, the Finance Ministry said.

The funds released include Rs 13,017.06 crore for West Bengal, Rs 7,002.52 crore for Andhra Pradesh, Rs 6,310.40 crore for Karnataka, Rs 5,412.38 crore for Assam, Rs 5,895.13 crore for Chhattisgarh, Rs 1,436.16 crore for Himachal Pradesh, Rs 3,330.83 crore for Kerala, Rs 3,126.65 crore for Punjab, and Rs 7,057.89 crore for Tamil Nadu.

Among the other states, Uttar Pradesh has got Rs 31,039.84 crore, Maharashtra Rs 10,930.31 crore, Gujarat Rs 6,017.99 crore, Madhya Pradesh Rs 13,582.86 crore, Manipur Rs 1,238.9 crore, and Meghalaya Rs 1,327.13 crore.

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