City
Epaper

Bengal is the 4th highest recipient state of tax devolution instalment in last phase

By IANS | Updated: June 11, 2024 12:40 IST

Kolkata, June 11 West Bengal was the fourth highest recipient state in the latest instalment of tax devolution ...

Open in App

Kolkata, June 11 West Bengal was the fourth highest recipient state in the latest instalment of tax devolution released in the last phase as per the figures released by the Union Finance Ministry on Tuesday.

Of the total Rs 1,39,750 crore of the latest instalment released, West Bengal has got a share of Rs 10,513.46 crore, which is fourth highest after Uttar Pradesh Rs 25,069.88 crore, Bihar at 14.056.12 crore and Madhya Pradesh at Rs 10,970.44 crore.

As per the statement by the Union Finance Ministry, with the latest release, a total of Rs 2,79,500 crore had been devolved to the different states till June 10 for the current financial year of 2024-25.

Economic analysts believe that the fresh figures released for West Bengal immediately after the BJP-led NDA came to power at the Centre for the third consecutive term are expected to silence the ruling Trinamool Congress for some time about their constant allegations against the Union government of not releasing Central funds for the state under various heads, including tax devolution instalments.

In fact, in almost all the pre-election campaign rallies Chief Minister Mamata Banerjee had said that despite collecting crores of rupees as tax from West Bengal, the Union government had been reluctant in releasing its due shares to the state government.

However, economic analysts point out that the state-wise release of tax devolution instalments in the last phase shows that the amount going to the kitty of West Bengal is much higher than the BJP-ruled states like Assam, Gujarat and Rajasthan among others.

In fact, at a meeting with the newly elected party MPs on June 8, CM Mamata Banerjee outlined the roadmap for Trinamool Congress on the floor of the 18th Lok Sabha, where she made it clear that one of the three key issues to be highlighted by the party in the coming days within the two Houses of Parliament will be non-release of Central funds to the state government under various heads.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

InternationalIran FM Abbas Araghchi lands in Pakistan for third visit in 48 hours

National"He should not move such letters...": Former Uttarakhand HC Judge slams Kejriwal's stance over Delhi HC's recusal case verdict

InternationalKing Charles arrives in DC amid trans-Atlantic tensions, 250th anniversary cheers

PoliticsBJP National President Nitin Navin visits Jaipur after Bengal campaign, holds key organisational meeting

Politics"Change is certain": Dharmendra Pradhan predicts TMC exit as Bengal enters phase 2 polls

Business Realted Stories

BusinessZero-duty access under India-New Zealand FTA expected to lift gems, jewellery exports to USD 50 mn in three years: GJEPC

BusinessMeta announces two partnerships to boost reliable power for its AI infrastructure, data centre needs

BusinessPiyush Goyal explores avenues for exporters to leverage various FTAs

BusinessAdani Total Gas Q4 profit rises 4%, revenue up 16% on higher volumes

BusinessCERT-In warns of rising AI-driven cyber threats amid ‘Mythos’ concerns