Diwali Gift! Advance release of Rs.2,976 crore tax sharing fund..!?
A total of Rs 72,961.21 crore has been released as tax sharing fund. Of this, Uttar Pradesh government has received the maximum amount of Rs.13,088.51 crore. tamil Nadu has received only Rs.2,976.10 crore.The central government has released Rs.2,976.10 crore as tax distribution fund for the month of november to tamil Nadu. The Union Finance Ministry has also informed that the tax distribution fund is being released 3 days before the coming of diwali festival. A total of Rs 72,961.21 crore has been released by the Union Finance Ministry as tax distribution fund for the month of November. Of this, the maximum Rs.13,088.51 crore has been given to Uttar Pradesh government. tamil Nadu has received Rs.2,976.10 crore.
In the recent session of the tamil Nadu Legislative Assembly, State Finance minister Thangam Thennarasu had accused the central government of not providing enough tax sharing funds to the tamil Nadu Government. He also pointed out that tamil Nadu's contribution to the central government's direct tax revenue is high. minister Thangam Tennarasu has mentioned that for every rupee tamil Nadu pays to the central government, only 29 paise is returned. In this case, the central government has released the november tax distribution fund on november 7 instead of november 10.
While tamil Nadu gets 29 paise per rupee, BJP-ruled Uttar Pradesh gets Rs 2.73 per rupee. That means U.P. It is worth recalling that minister Thangam Tennarasa had mentioned that the tax distribution given to the state is 4 times more than the tax revenue provided by the central government. In a financial year, 41 percent of the tax collected by the central government is shared among all the states in 14 installments.
In the recent session of the tamil Nadu Legislative Assembly, State Finance minister Thangam Thennarasu had accused the central government of not providing enough tax sharing funds to the tamil Nadu Government. He also pointed out that tamil Nadu's contribution to the central government's direct tax revenue is high. minister Thangam Tennarasu has mentioned that for every rupee tamil Nadu pays to the central government, only 29 paise is returned. In this case, the central government has released the november tax distribution fund on november 7 instead of november 10.
While tamil Nadu gets 29 paise per rupee, BJP-ruled Uttar Pradesh gets Rs 2.73 per rupee. That means U.P. It is worth recalling that minister Thangam Tennarasa had mentioned that the tax distribution given to the state is 4 times more than the tax revenue provided by the central government. In a financial year, 41 percent of the tax collected by the central government is shared among all the states in 14 installments.