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Govt clears ₹81,735 cr more as tax devolution to states

Mint Bangalore

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May 31, 2025

The Centre on Friday cleared an additional instalment of ₹81,735 crore as tax devolution to state governments, the ministry of finance said on Friday.

- Rhik Kundu

The amount will be released on 2 June, over and above the regular monthly instalment of ₹81,735 crore due on 10 June.

The move underscores the Centre's commitment to cooperative federalism and supports the vision of a 'Viksit Bharat' (developed India) by 2047, according to the ministry.

This goal, as laid out by Prime Minister Narendra Modi, hinges on building strong, self-reliant states.

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