Thiruvananthapuram: Kerala Finance Minister K.N. Balagopal has written a letter to Union Finance Minister Nirmala Sitharaman, seeking urgent intervention by her in the backdrop of the grave financial crisis that the state government is facing currently. “The financial health of the state has been seriously affected by a reduction in the revenue deficit grant to […]
New Delhi: The BJP government at the Centre obviously doesn’t believe in the ‘give and take’ policy when it comes to sharing revenues generated through the new GST regime. This was evident from union Finance Minister Nirmala Sitharaman’s response on Monday when she remained mum on the issue of extending GST compensation to States even […]
New Delhi: Union Finance Minister Nirmala Sitharaman on Tuesday said that the GST Council should not be politicised as it is a body in which every finance minister from every state sits in and decides on how the disbursements happen. While intervening during the question hour in the Rajya Sabha on the issue of GST […]
Hyderabad: The Central government on Thursday released Rs.1,264.78 crores to Telangana as back-to-back loan in lieu of GST compensation shortfall. The Centre has released the balance amount of Rs.44,000 crore to the States and Union Territories under the back-to-back loan facility in-lieu of GST compensation. The total amount released in the current financial year in […]
Hyderabad: Telangana will seek early release of pending GST (Goods and Services Tax) compensation to the State at the 45th GST Council meeting scheduled to be held at Lucknow in Uttar Pradesh on September 17. The State government, which had strongly opposed the Centre’s attempt to impose ‘backdoor GST’ on liquor in the name of […]
ICRA cited heightened focus on infrastructure spend, particularly in the road infrastructure segment has led to a sharp scale up in volumes since July 2020.
Subbarao said the second positive aspect he sees is India's federalism, which, "warts and all", has withstood the test of vigorous democracy though there were tensions between the Centre and the states on some issues such as GST compensation.
Finance Minister Nirmala Sitharaman said the states which received less apportionment of IGST for 2017-18, the Centre will next week transfer a cumulative Rs 24,000 crore to them
State Finance Minister T Harish Rao stated that the Centre must borrow the amount and distribute it among the States rather than States approaching financial institutions for loans.
