Centre approves ₹1.39 lakh crore tax devolution to states for June
In addition to the regular allocation for June 2024, an extra instalment will also be provided, the finance ministry says.
In addition to the regular allocation for June 2024, an extra instalment will also be provided, the finance ministry says.
During the 14th FC’s five-year award period (2015-16 to 2019-20), Karnataka received ₹1,51,309 crore as tax devolution, the central government states.
The net market borrowing of the Centre in FY24 will be around ₹11.7 lakh crore; a lower deflator could make things difficult, says SBI Research.