Maharashtra gets Rs 7,022 crore tax share from Centre ahead of Diwali; Fadnavis thanks Modi, Sitharaman

Ahead of Diwali, the Centre has released to the states an advance instalment of their share in tax revenue. Maharashtra's share is Rs 7,022 crore.

Chief Minister Devendra Fadnavis expressed confidence that the money would give a big push to various development works in the state and benefit the general public. He thanked Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman.

Fadnavis welcomed the Centre's decision in a post on social media. In it he wrote that he was grateful to Modi and Sitharaman for giving the states an advance instalment of tax revenue before Diwali. According to him, this financial help from the Centre, received on time, will give a big boost to Maharashtra's development works. He also welcomed the Centre's decision to give the states financial strength during the festival season.

The Centre distributes to the states their share of tax revenue. With this money, states are able to arrange funds for various development works, infrastructure projects and welfare schemes. The funds received before Diwali will give the Maharashtra government financial support for development works.

Maharashtra ranks fifth among the top 10 states receiving the most money. Uttar Pradesh has received Rs 19,208 crore. Bihar got Rs 10,845 crore, Madhya Pradesh Rs 8,010 crore and West Bengal Rs 7,866 crore. After Maharashtra, Rajasthan has been given Rs 6,460 crore, Odisha Rs 4,819 crore, Andhra Pradesh Rs 4,597 crore, Karnataka Rs 4,504 crore and Tamil Nadu Rs 4,466 crore.

Among the other states, Gujarat got Rs 4,094 crore, Jharkhand Rs 3,660 crore, Chhattisgarh Rs 3,602 crore, Assam Rs 3,552 crore, Kerala Rs 2,597 crore, Telangana Rs 2,370 crore and Punjab Rs 2,176 crore.

In addition, instalments have been released to Haryana (Rs 1,484 crore), Arunachal Pradesh (Rs 1,476 crore), Uttarakhand (Rs 1,244 crore), Himachal Pradesh (Rs 996 crore), Tripura (Rs 699 crore), Meghalaya (Rs 688 crore), Manipur (Rs 682 crore), Mizoram (Rs 615 crore), Nagaland (Rs 524 crore), Goa (Rs 398 crore) and Sikkim (Rs 365 crore).