Centre Distributes Rs 1.09 Lakh Crore Tax Devolution, Maharashtra Gets Rs 7,022 Crore

The Union government has released an additional instalment of tax devolution amounting to ₹1.09 lakh crore as part of its fiscal policy framework. This latest tranche follows earlier disbursements aimed at strengthening state finances. Maharashtra, one of the largest recipients in the fiscal year, has been allocated ₹7,022 crore from the new instalment. The allocation is expected to support the state’s infrastructure and welfare programmes. The move is part of the central government’s ongoing effort to balance fiscal responsibility with state-level development needs.