Photo Courtesy: nenews
Shillong: The Union Finance Ministry released Rs 1,09,019 crore to states on Saturday as an advance installment of central tax devolution. This payment arrives on top of regular monthly transfers, marking the second such extra release this financial year. The government timed the cash injection to help states ramp up capital spending and fund welfare schemes during the festive season.
Meghalaya secured Rs 688 crore from the total payout. Chief Minister Conrad K Sangma turned to social media on Sunday to acknowledge the support. He thanked Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman for the funds. "This timely support will strengthen the States' financial position, enable governments to meet their financial commitments and accelerate development initiatives for the welfare of citizens," Sangma wrote.
Uttar Pradesh claimed the largest slice of the national funding at Rs 19,208 crore. Bihar followed with Rs 10,845 crore, while Madhya Pradesh received Rs 8,010 crore. West Bengal and Maharashtra were allotted Rs 7,866 crore and Rs 7,022 crore respectively. Assam led the Northeast region with Rs 3,552 crore, while Arunachal Pradesh took Rs 1,476 crore.
Other regional allocations included Rs 699 crore for Tripura, Rs 682 crore for Manipur, Rs 615 crore for Mizoram, Rs 524 crore for Nagaland, and Rs 365 crore for Sikkim. At the bottom of the payout list, Sikkim received the smallest national share, just ahead of Goa at Rs 398 crore.
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