New Delhi, November 5, 2026 (Yes Punjab News)
The Central Government on Thursday released Rs 1,09,019 crore as the regular instalment of tax devolution to state governments, advancing the payment ahead of its scheduled release date of November 10 in view of the festive season and Diwali.
The Finance Ministry said the advance release would help states accelerate capital expenditure and finance development and welfare-related spending.
Among the major beneficiaries, Uttar Pradesh received Rs 19,208 crore, Bihar Rs 10,845 crore, Madhya Pradesh Rs 8,010 crore, West Bengal Rs 7,866 crore, Maharashtra Rs 7,022 crore and Rajasthan Rs 6,460 crore.
Last week, the Centre had also released an additional instalment of Rs 1,09,019 crore to state governments over and above the regular monthly devolution. A similar additional instalment of the same amount was released in August to strengthen state finances and support capital and developmental expenditure.
Meanwhile, India’s fiscal deficit during the first six months of the current financial year (April-September) stood at Rs 7.14 lakh crore, equivalent to 42.1 per cent of the full-year budget estimate, according to official figures.
The Centre has budgeted a fiscal deficit of Rs 16.96 lakh crore for 2026-27. Revenue receipts during April-September stood at Rs 17.57 lakh crore, representing 49.7 per cent of the budget estimate.
Of the total revenue receipts, net tax revenue accounted for Rs 12.76 lakh crore, while non-tax revenue stood at Rs 4.81 lakh crore.
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