Ministry of Finance releases additional tax devolution of ₹1,09,019 crore to States

Exam-focused facts from the 31 October 2026 current affairs briefing.

Key facts

The Union Government released an additional tax devolution instalment of ₹1,09,019 crore to State Governments on 31 October 2026.
This release marks the second additional instalment of the current financial year, provided in addition to the regular monthly devolution.
The funds are intended to assist State Governments in accelerating capital spending and financing development and welfare-related expenditure during the festive season.