Centre cuts tax transfers to states by a fifth in October

Centre cuts tax transfers to states by a fifth in October

Despite a sharp revenue slump, the Centre transferred budgeted amounts to state governments as their tax share from divisible pool in April-May, but has since found this practice unsustainable – October transfers were a fifth less than envisaged in Budget, at Rs 37,233 crore
Check the source here –Source, Financial Express.

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