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EconomyEasy

How much tax devolution did the Union Government release to state governments on 5 November 2026?

  1. A.Rs 89,086 crore
  2. B.Rs 1,09,019 crore
  3. C.Rs 1,78,173 crore
  4. D.Rs 2,09,019 crore

Correct answer

B. Rs 1,09,019 crore

Explanation

The correct answer is Rs 1,09,019 crore. This was the regular instalment of tax devolution that the Union Government transferred to the state governments, and it was released on 5 November 2026. The instalment is normally paid on the tenth of the month, so this one came five days early. The Ministry of Finance explained that the advance was made in view of the coming festive season and to enable states to accelerate capital spending and finance expenditure connected with development and welfare. The sum was shared among twenty-eight states, for which a state-wise break-up was published. Options A, C and D give amounts that do not match the instalment announced. Candidates should remember both the amount and the fact that the release was brought forward rather than increased, so option B is correct.

Read the full article: Centre Releases Rs 1,09,019 Crore Tax Devolution Early

Q1.EconomyMedium

Why did the Union Government advance the November instalment of tax devolution?

  1. A.Because the Finance Commission's term was ending
  2. B.In view of the festive season and to help states accelerate capital spending
  3. C.To offset a shortfall in GST compensation
  4. D.Because states had failed to meet borrowing limits
Show answer
Correct answer: B. In view of the festive season and to help states accelerate capital spending

The Ministry of Finance said the early transfer would also let states finance expenditure related to development and welfare.

Q3.EconomyMedium

What key change do the Mineral (Auction) Third Amendment Rules, 2026 make for Part D minerals?

  1. A.Revenue share for the winner is capped at 50 per cent
  2. B.Technically qualified bidders needed in the second round fall from three to two
  3. C.Only public sector undertakings may bid in the second round
  4. D.The auction switches from forward to reverse bidding
Show answer
Correct answer: B. Technically qualified bidders needed in the second round fall from three to two

The government notified these rules on 16 October 2026, and the change has been written into the tender documents of both tranches launched in Goa.