Rising KashmirRising KashmirRising Kashmir
  • Home
  • Top Stories
  • News
    • Kashmir
    • City
    • Jammu
    • Politics
  • Health
  • Anchor
  • Features
  • Interview
  • Video
Search

Archives

  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022

Categories

  • Anchor
  • Breaking
  • Business
  • City
  • Developing Story
  • Editorial
  • Education
  • Features
  • Health
  • Interview
  • Jammu
  • Jammu and Kashmir News
  • Kashmir
  • Kashmir Tourism
  • Kath Bath
  • National
  • Opinion
  • Politics
  • Sports
  • Technology
  • Top Stories
  • Trending
  • Uncategorized
  • Video
  • Viewpoint
  • World
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: Central govt allocates Rs 3.66 lakh crore to states between April -July 24, Rs 57,109 cr more than last year
Share
Notification Show More
Font ResizerAa
Rising KashmirRising Kashmir
Font ResizerAa
  • Home
  • Top Stories
  • News
  • Health
  • Anchor
  • Features
  • Interview
  • Video
Search
  • Home
  • Top Stories
  • News
    • Kashmir
    • City
    • Jammu
    • Politics
  • Health
  • Anchor
  • Features
  • Interview
  • Video
Follow US
© 2024. All Rights Reserved.
Rising Kashmir > Blog > Breaking > Central govt allocates Rs 3.66 lakh crore to states between April -July 24, Rs 57,109 cr more than last year
Breaking

Central govt allocates Rs 3.66 lakh crore to states between April -July 24, Rs 57,109 cr more than last year

ANI
Last updated: August 31, 2024 9:50 am
ANI
Published: August 31, 2024
Share
3 Min Read
SHARE

The central government has received a total amount of Rs 10,23,406 crore by the end of July 2024 through various tax and non-tax revenues.

According to the report by the Ministry of Finance, the received amount represents 31.9 per cent of the Budget Estimates (BE) for FY 2024-25.

The receipts of the government are composed of Rs 7,15,224 crore in Tax Revenue (Net to Centre), Rs 3,01,796 crore in Non-Tax Revenue, and Rs 6,386 crore from Non-Debt Capital Receipts.

The central government on Friday consolidated and published the Monthly Accounts up to July 2024, providing a detailed insight into the financial performance of the government for the current fiscal year.

The report by the ministry, it highlighted that a significant portion of the Tax Revenue collected has been shared with the State Governments.

Specifically, Rs 3,66,630 crore has been devolved as the State Governments’ share of taxes.

According to the ministry this is an increase of Rs 57,109 crore compared to the same period in the previous fiscal year. It reflects the fiscal federalism by the government.

The ministry said ” Rs 3,66,630 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India upto this period which is Rs 57,109 crore higher than the previous year”.

On the expenditure side, the government has incurred a total expenditure of Rs 13,00,351 crore up to July 2024, which is 27 per cent of the Budget Estimates for the year. Of this, Rs 10,39,091 crore has been spent on the Revenue Account, while Rs 2,61,260 crore has been directed towards Capital Account expenditures.

“Total Expenditure incurred by Government of India is Rs 13,00,351 crore (27.0 per cent of corresponding BE 2024-25), out of which Rs 10,39,091 crore is on Revenue Account and Rs 2,61,260 crore is on Capital Account” the ministry added.

The Revenue Expenditure, a substantial component of the government’s spending, includes Rs 3,27,887 crore earmarked for Interest Payments.

Additionally, Rs 1,25,639 crore has been allocated towards major Subsidies, highlighting the government’s effort to support essential sectors and provide relief to vulnerable sections of society through subsidies.

This consolidated financial report up to July 2024 highlights the government’s efforts in managing the country’s finances, balancing between revenue generation and necessary expenditures, while also maintaining the flow of resources to state governments. (ANI)

 

 

Azad condoles the demise of Shafat Gaffar 
Militant hideout busted in Ramban, arms & ammunition recovered
Gulmarg avalanche: Four Foreigners trapped, two rescued, two still missing
Jaishankar, Saud co-chair 7th India-Nepal Joint Commission meeting
Political leaders Mehbooba Mufti, Omar Abdullah claim ‘house arrest’ in J&K, PDP chief shares locked gate photo

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Whatsapp Whatsapp Copy Link Print
Previous Article Era of uninterrupted dialogue with Pakistan is over: Jaishankar
Next Article India to support any feasible, mutually acceptable solution: MEA on Russia-Ukraine war
Leave a Comment Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

1MFollowersLike
262kFollowersFollow
InstagramFollow
234kSubscribersSubscribe
Google NewsFollow

Latest News

Dy CM visits Gurudwara Chatti Padshahi in Rainawari; pays obeisance, assesses issues of DGPC
Breaking
May 25, 2025
Aided by Govt schemes for women in J&K, entrepreneur opens skin laser clinic in Poonch
Breaking
May 25, 2025
Drug peddler arrested in Baramulla: Police 
Breaking
May 25, 2025
LG Sinha warns Pakistan, urges unity against divisive forces at Jat Sabha in Jammu
Developing Story Jammu Jammu and Kashmir News
May 25, 2025

Recent Posts

  • Dy CM visits Gurudwara Chatti Padshahi in Rainawari; pays obeisance, assesses issues of DGPC
  • Aided by Govt schemes for women in J&K, entrepreneur opens skin laser clinic in Poonch
  • Drug peddler arrested in Baramulla: Police 
  • LG Sinha warns Pakistan, urges unity against divisive forces at Jat Sabha in Jammu
  • Eid al-Adha expected on 6th June in most Islamic countries: International Astronomical Centre

Recent Comments

  1. SavePlus on AI and Behavioural Analytics in Gaming: Making the World of Gaming Better
  2. Parul on Govt acknowledges faulty streetlights on Narbal-Tangmarg road
  3. dr gora on Women Veterinarians and the Goal of Viksit Bharat
  4. jalwa game login on National Education Policy 2020: Transforming India’s Educational System
  5. Virender Bhat on Pahalgam Attack: A War on Humanity, Peace, and Kashmiriyat

Contact Us

Flat No 7,Press Enclave, Srinagar, 190001
0194 2477887
9971795706
[email protected]
[email protected]

Quick Link

  • E-Paper
  • About Us
  • Contact Us

Top Categories

Stay Connected

1.06MLike
262.5kFollow
InstagramFollow
234.3kSubscribe
WhatsAppFollow
Rising KashmirRising Kashmir
Follow US
© 2025. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?