Centre approves ₹1.39 lakh crore tax devolution to states for June
In addition to the regular allocation for June 2024, an extra instalment will also be provided, the finance ministry says.
tax devolution
June 2024
February 2024
January 2023
FM Sitharaman clarifies on Karnataka's tax sharing claims
During the 14th FC’s five-year award period (2015-16 to 2019-20), Karnataka received ₹1,51,309 crore as tax devolution, the central government states.
India's fiscal deficit to be 6% of GDP in FY24: SBI
The net market borrowing of the Centre in FY24 will be around ₹11.7 lakh crore; a lower deflator could make things difficult, says SBI Research.
