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

IANS, Kolkata, June 11, 2024 :  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.

PIB release state- It has been decided that apart from the regular release of the devolution amount for the month of June 2024, one additional instalment will be released.  This release cumulatively amounts to Rs. 1,39,750 crore in the current month. This will enable State Governments to accelerate development and capital spending.

The Interim Budget 2024-25 has a provision of Rs. 12,19,783 crore towards devolution of taxes to States.

With this release, the total amount devolved (for FY 2024-25) to States till 10 June 2024 is Rs. 2,79,500 crore.

Sl.No. Sate        Tax Devolved on 10th June, 2024

1 Andhra Pradesh 5655.72

2 Arunachal Pradesh 2455.44

3 Assam 4371.38

4 Bihar 14056.12

5 Chhattisgarh 4761.30

6 Goa 539.42

7 Gujarat 4860.56

8 Haryana 1527.48

9 Himachal 1159.92

10 Jharkhand 4621.58

11 Karnataka 5096.72

12 Kerala 2690.20

13 Madhya Pradesh 10970.44

14 Maharashtra  8828.08

15 Manipur 1000.60

16 Meghalaya  1071.90

 

17 Mizoram 698.78

18 Nagaland  795.20

19 Odisha  6327.92

20 Punjab 2525.32

21 Rajasthan 8421.38

 

22 Sikkim 542.22

23 Tamil Nadu 5700.44

24 Telangana 2937.58

25 Tripura 989.44

26 Uttar Pradesh 25069.88

27 Uttarakhand 1562.44

28 West Bengal 10513.46