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The Ministry of Finance, Government of India, released ₹45,000 crore as additional devolution to States in FY 2020-21. This is an increase of 8.2% over RE 2020-21. As per RE 2020-21, ₹5,49,959 crore, being 41% of the shareable pool of taxes and duties were estimated to be released to the States. However, Ministry of Finance has devolved an amount of ₹5,94,996 crore, based on the initial estimates of shareable pool that would be collected in 2020-21. The Ministry of Finance has released these
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1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
3 Months PLAN
999
(Excl. of GST ₹179)
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FAQ :
The Ministry of Finance has released an additional £45,000 crore to the states.
This additional release covers the fiscal year 2020-21.
Based on initial estimates of the shareable pool, the Ministry of Finance devolved a total of £5,94,996 crore to the states in FY 2020-21.
The additional £45,000 crore was released in two instalments: £14,500 crore on 26th March 2021, along with the regular 14th instalment, and £30,500 crore on 31st March 2021.
The additional amount was released to share the revenue buoyancy seen in Q4 of FY 2020-21 and in the spirit of fiscal federalism.
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