💨 Abstract

The central government has released an advanced tax revenue of over Rs 1.78 lakh crore to states ahead of the festive season, exceeding the normal monthly devolution. This decision aims to accelerate capital spending and finance development/welfare-related expenditure. Uttar Pradesh received the largest share, followed by Bihar, Madhya Pradesh, and West Bengal.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖