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Rs 3.37 lakh crore transferred to States as devolution of share of taxes till Oct-end

By TIOL News Service

 

NEW DELHI, NOV 30, 2017: THE Government of India has received Rs 7,67327 crore (47.9% of corresponding BE 17-18 of Total Receipts) upto October 2017 comprising Rs. 6,33,617 crore Tax Revenues (Net to Centre), Rs. 95,151 crore of Non-Tax Revenues and Rs.38,559 crore of Non-Debt Capital Receipts. Non-Debt Capital Receipts consists of Recovery of Loans (Rs. 8,394 crore) and Disinvestment of PSUs (Rs. 30,165 crore).

Rs.3,37,280 crore has been transferred to the State Governments as Devolution of Share of Taxes by Government of India in this period.

Total Expenditure incurred by Government of India is Rs.12,92,648 crore (60.2% of corresponding BE 17-18), out of which Rs.11,29,853 crore is on Revenue Account and Rs.1,62,795 crore is on Capital Account. Out of the total Revenue Expenditure,Rs.2,57,909 crore is on account of Interest Payments and Rs.1,91,336 crore is on account of Major Subsidies.


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