Speed Post News Network
New Delhi : Union Finance & Corporate Affairs Minister Nirmala Sitharaman on January 20, 2022, authorised the release of an advance instalment of tax devolution to State Governments amounting to Rs 47,541 crore here. This is in addition to the regular devolution for the month of January 2022, also released on January 20, 2022. Thus, States would receive a total of Rs 95,082 crore or double their respective entitlement during the month of January 2022.
The Government of India (GoI) had released the first advance instalment of tax devolution amounting to Rs 47,541 crore to States on November 22, 2021. With the release of the second advance instalment on January 20, the States would have received an additional amount of Rs 90,082 crore under tax devolution over and above what has been budgeted to be released till January, 2022.
It may be mentioned here that the release from Government of India of the back-to-back loan amounting to Rs 1.59 lakh crore to State Governments in lieu of GST Compensation shortfall in FY 2021-22 was completed by the end of October 2021, according to a PIB release.
This is in line with the commitment of GoI to strengthen the hands of States to accelerate their capital and developmental expenditure to ameliorate the deleterious effects of Covid-19 pandemic.
| STATEMENT SHOWING STATEWISE DISTRIBUTION OF NET PROCEEDS OF UNION TAXES AND DUTIES FOR JANUARY 2022 | |||||
| Sl. No. | State | Regular monthly installment for Jan 2022 | Advance installment in Jan 2022 | Total releases in Jan 2022 | |
| 1 | Andhra Pradesh | 1,923.98 | 1,923.98 | 3,847.96 | |
| 2 | Arunachal Pradesh | 835.29 | 835.29 | 1,670.58 | |
| 3 | Assam | 1,487.08 | 1,487.08 | 2,974.16 | |
| 4 | Bihar | 4,781.65 | 4,781.65 | 9,563.30 | |
| 5 | Chhattisgarh | 1,619.77 | 1,619.77 | 3,239.54 | |
| 6 | Goa | 183.51 | 183.51 | 367.02 | |
| 7 | Gujarat | 1,653.47 | 1,653.47 | 3,306.94 | |
| 8 | Haryana | 519.62 | 519.62 | 1,039.24 | |
| 9 | Himachal Pradesh | 394.58 | 394.58 | 789.16 | |
| 10 | Jharkhand | 1,572.17 | 1,572.17 | 3,144.34 | |
| 11 | Karnataka | 1,733.81 | 1,733.81 | 3,467.62 | |
| 12 | Kerala | 915.19 | 915.19 | 1,830.38 | |
| 13 | Madhya Pradesh | 3,731.96 | 3,731.96 | 7,463.92 | |
| 14 | Maharashtra | 3,003.15 | 3,003.15 | 6,006.30 | |
| 15 | Manipur | 340.40 | 340.40 | 680.80 | |
| 16 | Meghalaya | 364.64 | 364.64 | 729.28 | |
| 17 | Mizoram | 237.71 | 237.71 | 475.42 | |
| 18 | Nagaland | 270.51 | 270.51 | 541.02 | |
| 19 | Odisha | 2,152.66 | 2,152.66 | 4,305.32 | |
| 20 | Punjab | 859.08 | 859.08 | 1,718.16 | |
| 21 | Rajasthan | 2,864.82 | 2,864.82 | 5,729.64 | |
| 22 | Sikkim | 184.47 | 184.47 | 368.94 | |
| 23 | Tamil Nadu | 1,939.19 | 1,939.19 | 3,878.38 | |
| 24 | Telangana | 999.31 | 999.31 | 1,998.62 | |
| 25 | Tripura | 336.66 | 336.66 | 673.32 | |
| 26 | Uttar Pradesh | 8,528.33 | 8,528.33 | 17,056.66 | |
| 27 | Uttarakhand | 531.51 | 531.51 | 1,063.02 | |
| 28 | West Bengal | 3,576.48 | 3,576.48 | 7,152.96 | |
| TOTAL | 47,541.00 | 47,541.00 | 95,082.00 | ||