Modi government distributed Rs 1.73 lakh crore to the states, now this work will have to be done – Read

The Center on Friday transferred tax collection of Rs 1.73 lakh crore to the state governments to increase the pace of development and accelerate welfare activities. The Finance Ministry said in a statement, ‘To enable states to accelerate capital expenditure and finance their development and welfare activities, more amount of tax collection has been transferred this month.’

The ministry said that the central government has released tax transfer of Rs 1,73,030 crore to the state governments, whereas tax transfer of Rs 89,086 crore was made in December 2024. Currently, 41 percent of the taxes collected by the Center are transferred among the states in several installments during the financial year.

Which state got the least amount of money

Sikkim has received the least amount of the tax share transferred by the Central Government to the states in January 2025. The Central Government has transferred Rs 671.35 crore to Sikkim and Rs 667.91 crore to Goa. Let us tell you that the Central Government has transferred the Union Tax and Duty money to a total of 28 states in January 2025.

The Union Government releases #TaxDevolution of ₹1,73,030 crore to State Governments today, as against the devolution of ₹89,086 crore in December 2024

A higher amount is being devolved this month to enable states to accelerate capital spending and finance their pic.twitter.com/Pq4ps4i1vq

— Ministry of Finance (@FinMinIndia) January 10, 2025

These states got the most money

The states to which the Central Government has transferred the most money in Union Tax and Duty are Uttar Pradesh, West Bengal, Rajasthan, Madhya Pradesh and Bihar, out of which Uttar Pradesh has received the maximum amount of Rs 31,039 crore in Union Tax and Duty. . After getting the share of Union Tax and Duty, it will be easier for the states to carry out development, because this money will bring a good amount of money into the coffers of the states.