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Live Updates  >  Live Update Details

2026-11-01 00:44:24

The Indian government announced that it will allocate a total of 1.09 trillion rupees in advance of tax revenue sharing to state governments. This advance payment is a fiscal transfer measure implemented by the Indian central government in accordance with tax revenue sharing arrangements, which will help alleviate the financial pressure on states and support the smooth progress of various public services and development projects at the local level.

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