Saturday, February 28, 2026

Centre releases ₹4,601 Crore additional tax devolution to Odisha

The Central Government has released ₹4,601 crore to Odisha as part of additional tax devolution, the Finance Ministry said on Wednesday

Continue reading

October 1, 2025
ECONOMY

New Delhi: The Central Government has released ₹4,601 crore to Odisha as part of additional tax devolution, the Finance Ministry said on Wednesday.

In total, the Centre has disbursed ₹1,01,603 crore to various state governments as an additional allocation, supplementing the normal monthly devolution scheduled for October 10. The move comes ahead of the festive season, aimed at enabling states to accelerate capital spending and fund development and welfare-related initiatives.

State-wise Allocation: Uttar Pradesh: ₹18,227 crore; Bihar: ₹10,219 crore; Madhya Pradesh: ₹7,976 crore; West Bengal: ₹7,644 crore; Maharashtra: ₹6,418 crore; Rajasthan: ₹6,123 crore; Odisha: ₹4,601 crore; Andhra Pradesh: ₹4,112 crore; Tamil Nadu: ₹4,144 crore; Karnataka: ₹3,705 crore; Jharkhand: ₹3,360 crore

Earlier, the Finance Ministry reported that ₹4,28,544 crore had been transferred to states as their share of taxes during April–July, an increase of ₹61,914 crore from the previous year.

During the same period, the Centre received ₹10,95,209 crore, which is 31.3% of the budget estimate (BE) for 2025-26, including: Net tax revenue: ₹6,61,812 crore; Non-tax revenue: ₹4,03,608 crore; Non-debt capital receipts: ₹29,789 crore

Total expenditure by the Union Government amounted to ₹15,63,625 crore (30.9% of BE), comprising: Revenue account: ₹12,16,699 crore (including ₹4,46,690 crore in interest payments and ₹1,13,592 crore in major subsidies); Capital account: ₹3,46,926 crore, primarily spent on large infrastructure projects.

About the Author
Sambad English Bureau

Sambad English covers latest news and happenings from Odisha from the house of Sambad Group, Eastern Media Limited.

728x90 Advertisement

You May Also Like


DISCLAIMER
All content on this website is the exclusive property of Eastern Media Limited. Any downloadable material, including but not limited to electronic or digital versions of the newspaper (e-paper) in any format, is provided solely for personal use. Unauthorized dissemination, distribution, circulation, or publication of any content or e-paper (whether in PDF or other formats) by any means, including on social media platforms, without prior authorization, permission, or license is strictly prohibited.