Odisha

Centre Releases Rs 5,356 Crore As 3rd Tranche Of Tax Devolution To Odisha

By
OB Bureau

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.”

OB Bureau

Recent Posts

IAS Reshuffle In Odisha: Sudhansu Samal Appointed OMC MD, Yamini Sarangi As Commercial Taxes & GST Commissioner

Bhubaneswar: The Odisha government has transferred Special Secretary, Planning and Convergence, Chitra Arumugam and posted…

November 24, 2024

Clash Erupts In Uttar Pradesh’s Sambhal During Official Survey Of Mosque Following Court Order

Sambhal: A violent clash erupted in Uttar Pradesh’s Sambhal on Sunday after a group opposed…

November 24, 2024

Hina Khan Shares Warm Post For ‘Humble And Kind’ Salman Khan

Mumbai: Television actress Hina Khan, who is battling breast cancer, recently met host Salman Khan…

November 23, 2024

AR Rahman Sends Legal Notice To Defamers Over Link-Up Rumours With Mohini Dey

 Mumbai: Following reports of his alleged link-up with bassist Mohini Dey, renowned music composer AR…

November 23, 2024

Tamannah Bhatia & Vijay Varma Go House Hunting; Is Marriage On Cards?

Mumbai: The love story of actors Tamannaah Bhatia and Vijay Varma has not been clandestine.…

November 23, 2024

Puri Jagannath Temple Admn Receives Ratna Bhandar GPR-GPS Survey Report; Asks ASI To Start Repair Work

Puri: Shree Jagannath Temple Administration (SJTA) has received the report of the Ratna Bhandar’s GPR-GPS…

November 23, 2024

Book Review: A Redemptive Tale Of Losing And Finding

With his debut novel ‘The Other Side of the Rainbow’ published recently, Niranjan Nayak, an…

November 23, 2024

Santosh Trophy: Odisha Seal Spot In Final Round With 2 Big Wins

Bhubaneswar: Odisha outplayed Chhattisgarh 4-1 on Saturday to seal a berth in the final round…

November 23, 2024