New Delhi, May 30 -- The Centre on Friday cleared an additional instalment of Rs.81,735 crore as tax devolution to state governments, the ministry of finance said on Friday.

The amount will be released on 2 June, over and above the regular monthly instalment of Rs.81,735 crore due on 10 June.

The move underscores the Centre's commitment to cooperative federalism and supports the vision of a 'Viksit Bharat' (developed India) by 2047, according to the ministry.

This goal, as laid out by Prime Minister Narendra Modi, hinges on building strong, self-reliant states.

The additional funds will enable states to accelerate capital spending, finance key development and welfare programmes, and allocate resources to high-priority projects, the mi...