Union finance minister Nirmala Sitharaman
Kolkata: Centre on Saturday released Rs 7,866 crore to Bengal as part of the second nationwide additional instalment of tax devolution ahead of Diwali . A total of Rs 1,09,019 crore was disbursed to help states improve boost capital spending and welfare expenditure. Bengal received the fourth-highest amount among states after Uttar Pradesh (Rs 19,208 crore), Bihar (Rs 10,845 crore) and Madhya Pradesh (Rs 8,010 crore) Union finance minister Nirmala Sitharaman on X said the additional instalment was over and above the monthly devolution and was supported by stronger economic activity and buoyant tax collections.
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“The release will help states accelerate infrastructure development, finance welfare programmes and provide further momentum to economic growth across India,” she said. Bengal cabinet ministers Agnimitra Paul and Shankar Ghosh expressed their gratitude for the fund release. Download the TOI App.