Real estate investing in india

Summary:

The government has allocated US$ 21.20 billion (Rs. 1.78 trillion) to states for tax devolution, including an early payment of US$ 10.61 billion (Rs. 89,086.50 crore) to boost capital investment ahead of the festive season. This is intended to increase capital spending and support welfarerelated expenditures. Uttar Pradesh receives the most devolution, exceeding US$ 3.69 billion, followed by Madhya Pradesh and West Bengal, with US$ 1.67 billion and US$ 1.60 billion, respectively.

 

The budget forecast for FY25 shows an increase in devolved funds to states, from US$ 134.59 billion (Rs. 11.3 trillion) to US$ 148.88 billion (Rs. 12.5 trillion). Funds from the divisible tax pool are distributed in 14 installments. The government is expected to allocate around 32.5% of central taxes to states, which is less than the 15th Finance Commission's recommendation of 41%, due to cess and surcharges that are not distributed to states.

 

Source: IBEF 

 

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