Economy, Banking and Finance · 3 August 2026
Union Government releases additional tax devolution instalment of ₹1.09 lakh crore to States
Exam-focused facts from the 3 August 2026 current affairs briefing.
Key facts
- The Union Government released an additional tax devolution instalment of ₹1,09,019 crore to State governments on August 1, 2026.
- The additional instalment is in addition to the normal monthly devolution scheduled for August 10, 2026.
- The Centre devolves 41% of taxes collected by it to States in 14 instalments during a fiscal year.