Centre okays additional instalment of Rs 81,735 crore as tax devolution to the state govts

The Centre has approved an additional tax devolution of Rs 81,735 crore to State Governments, scheduled for release on June 2, 2025. This move aims to bolster cooperative federalism and facilitate the vision of 'Viksit Bharat' by 2047 through empowered states. The increased funds will enable states to accelerate capital spending, finance development, and prioritize key projects.