India releases 1.73 trln rupees to states as tax devolution

NEW DELHI (Reuters) – India’s federal government said on Friday it has released 1.73 trillion rupees ($20.13 billion) as tax devolution to states to boost capital spending, fund development and welfare expenditure.

($1 = 85.9250 Indian rupees)

(Reporting by Shanima A in Bengaluru; Editing by YP Rajesh)

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