In a bid to enable states to boost development and capital spending, the Centre on Thursday said it has released tax devolution of Rs 1,78,173 crore to state governments, as against the normal monthly devolution of Rs 89,086.50 crore.
It includes one advance instalment, in addition to the regular instalment due in October.
Among the states, Uttar Pradesh (Rs 31,962 crore), Bihar (Rs 17,921 crore), Madhya Pradesh (Rs 13,987 crore), Maharashtra (Rs 11,255 crore), West Bengal (Rs 13,...
Centre releases Rs 1,78,173 crore as tax devolution to states in festive season
Indian equity benchmarks opened at an all-time high on Monday due to Exit Polls predicting a Modi government comeback.
Sensex opened almost 2600 points higher at 76,582 points and Nifty opened almost 800 points higher at 23,338 points.
At 9:50 a.m., Sensex was at 75,818, up 1,857 points or 2.51 per cent and Nifty was at 23,115, up 584 points or 2.59 per cent.
There is a positive trend in the market as 1,983 shares are trading up while 177 shares are trading in the red on NSE.
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Sensex, Nifty at all-time high as Exit Polls predict BJP win
