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Government releases 2 tranches of tax devolution

IndiaTimes Thursday, 29 February 2024
Government has authorised release of two installments of tax devolution amounting to Rs. 1.4 lakh crore on Thursday to strengthen hands of state governments for financing various social welfare measures and infrastructure development schemes. This release is in addition to tax devolution of an installment of Rs 71,061 crore made on February 12.
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