Assam Receives ₹3,552 Crore as Additional Tax Devolution Instalment

The central government has announced a new instalment of tax devolution, allocating an extra ₹3,552 crore to the state of Assam. This move is part of the annual distribution of tax proceeds to states under the Finance Commission framework. The additional funds are intended to support Assam’s development plans, including infrastructure, education and health projects. The allocation follows the 2023-24 fiscal year’s tax devolution schedule, reflecting the state’s share based on population and fiscal needs.