Bhubaneswar: The Central government on Monday released Rs 1.18 lakh crore as the third tranche of tax devolution to states/Union Territories, including Rs 5,356 crore to Odisha.
In a press release, the Ministry of Finance said the Union Government has released the third instalment of tax devolution to state governments amounting to Rs 1,18,280 crore on June 12 as against the normal monthly devolution of Rs 59,140 crore.
“One advance instalment in addition to the regular instalment due in June 2023 is being released to States to enable them to speed up capital spending, finance their development/welfare-related expenditure and also to make available resources for priority projects/ schemes,” it stated.
Thanking the Prime Minister and Finance Minister for releasing advance instalment in addition to the regular monthly devolution, Union Education Minister Dharmendra Pradhan in a tweet said, “The advance instalment will allow States/UTs to support their fiscal needs, increase and prioritise their capital spending, give momentum to developmental works and further augment welfare-related expenditures.”
Bhubaneswar: The Odisha government has transferred Special Secretary, Planning and Convergence, Chitra Arumugam and posted…
Sambhal: A violent clash erupted in Uttar Pradesh’s Sambhal on Sunday after a group opposed…
Mumbai: Television actress Hina Khan, who is battling breast cancer, recently met host Salman Khan…
Mumbai: Following reports of his alleged link-up with bassist Mohini Dey, renowned music composer AR…
Mumbai: The love story of actors Tamannaah Bhatia and Vijay Varma has not been clandestine.…
Puri: Shree Jagannath Temple Administration (SJTA) has received the report of the Ratna Bhandar’s GPR-GPS…
With his debut novel ‘The Other Side of the Rainbow’ published recently, Niranjan Nayak, an…
Bhubaneswar: Odisha outplayed Chhattisgarh 4-1 on Saturday to seal a berth in the final round…