7 publishers · first seen Fri, 30 Oct 2026 19:08 UTC · updated Sat, 31 Oct 2026 18:00 UTC
The Union Government released an additional Rs 1,09,019 crore in tax devolution to state governments on October 31, 2026, ahead of the festive season. This release, in addition to the regular monthly devolution, marks the second additional instalment in the current financial year. The funds aim to help states accelerate capital spending and meet development and welfare-related expenditure. Uttar Pradesh received the highest allocation at Rs 19,208 crore, followed by Bihar at Rs 10,845 crore. Other major states, including Karnataka, received allocations ranging from Rs 4,094 crore to Rs 4,597 crore.
The release was supported by stronger economic activity and buoyant tax collections, according to Finance Minister Nirmala Sitharaman. The additional funds are intended to provide further momentum to economic growth across India and support infrastructure development and welfare programmes in the states.
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