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Govt approves ₹81,735 crore additional tax devolution to states
The finance ministry said that the additional instalment of devolution will enable the states to accelerate their capital spending, finance development and welfare-related expenditure, and make available resources for priority projects and schemes of the states.
'The additional instalment of devolution to states is in line with the principle of cooperative federalism and the aim of becoming 'Viksit Bharat' by 2047, which can be realised through 'Viksit States' as envisioned by Hon'ble Prime Minister Shri @narendramodi,' the finance ministry said in a post on the social media platform X.
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