Modi 3.0: Finance Ministry releases Rs 1.39 lakh crore installment of tax devolution to states

In February this year, the Centre released Rs 1.42 lakh crore in tax devolution to the states, supplementing the Rs 72,961 crore disbursed earlier in the same month. According to the finance ministry, the funds will allow the states to finance various social welfare measures and infrastructure development schemes.
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