Government issues ₹1.09 lakh crore advance tax share to states
The central government has disbursed an extra ₹1.09 lakh crore as an advance tax devolution instalment to states, ahead of the scheduled monthly payment for August 10. According to the Finance Ministry, this early release is intended to provide states with greater financial flexibility to accelerate development and capital expenditure. Uttar Pradesh was the top recipient, securing ₹19,208 crore.