Arunachal gets additional Rs 1,476 crore from Centre as tax devolution

Itanagar, Oct 31 (UNI) The union government has released an additional Rs 1,476 crore to Arunachal Pradesh as part of an advance instalment of tax devolution amounting to Rs 1,09,019 crore to all state governments on Saturday. The additional release, over and above the regular monthly devolution, is intended to help states accelerate capital expenditure and meet development and welfare-related spending, particularly in view of the upcoming festive season. This is the second additional instalment of tax devolution released during the current financial year, according to the union Finance Ministry. Arunachal Pradesh Chief Minister Pema Khandu thanked Prime Minister Narendra…