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
Sensex went down over 1,500 points on Tuesday as the Nifty dropped more than 500 points amid early trends on Lok Sabha elections counting day.
The Sensex opened 1,544.14 points, or 2.02 per cent, down at 74,924.64, while the Nifty opened 491.10 points, or 2.11 per cent, down at 22,772.80.
Nearly 891 shares advanced, 1,572 shares declined while 121 shares remained unchanged.
Market experts advised that investors need not rush in to buy even if the results confirm the Exit Poll f...
Sensex, Nifty open 2 per cent down on counting day
