Get all your news in one place.
100’s of premium titles.
One app.
Start reading
The Hindu
The Hindu
National
Special Correspondent

Tax devolution: Centre releases ₹3,467 cr. to State

The Centre has released an instalment of tax devolution of ₹3,467.62 crore to Karnataka. Of this amount, ₹1,733.81 crore is regular January 2022 instalment and ₹1,733.81 crore advance instalment.

Chief Minister Basavaraj Bommai tweeted the release of GST amount to the State and extended thanks to Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman on the behalf of the people of Karnataka. “The amount will help drive expenditure in key sectors, strengthen demand and aid economic growth in Karnataka, especially when the State is facing third wave of COVID,” the Chief Minister tweeted.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.