12 major states may have to cut capex by Rs 2.7 lakh crore in FY21: ICRAThe aggregate debt of these states is set to expand to 28.9% of gross state domestic product (GSDP) in the ongoing fiscal 2021 from 21.9% i...
12 Nov, 2020, 12.06 AM IST
Opposition ruled states likely to take a stand against Cenre's GST shortfall settlement plansCongress top leadership will reach out to opposition-ruled states of West Bengal, Kerala and Jharkhand to take a common stance on the finan...
19 Oct, 2020, 11.01 PM IST
42nd GST Council meeting: More clashes, or finally a consensus?While 21 states that are either ruled by the BJP or those that have supported it have chosen the option to borrow Rs 97,000 crore, others l...
05 Oct, 2020, 11.27 PM IST
GST Council meet today: Face-off between opposition and BJP states likely on compensation cess issueOpposition-ruled Punjab, Kerala, Delhi, Tamil Nadu, Telangana, Chhattisgarh, Rajasthan, West Bengal and Puducherry insist that the Centre m...
05 Oct, 2020, 08.41 AM IST
Stormy GST Council meet likely on Monday; non-BJP states to oppose Centre's borrowing optionWhile as many as 21 states, mostly ruled by BJP or parties which have supported it on issues, had till mid-September opted to borrow Rs 97,...
04 Oct, 2020, 12.52 PM IST
Opposition-ruled states dig in heels against centre’s borrowing optionsThe Opposition-ruled states of Punjab, Chhattisgarh, Jharkhand, West Bengal, Kerala, Delhi, Maharashtra, Puducherry and Telangana would rej...
01 Oct, 2020, 11.43 PM IST
Some states against borrowing options to meet GST shortfall, says MoS Anurag Singh ThakurSome states have objected to the proposed borrowing plan of the Centre to fund the GST revenue shortfall and they are being requested to ex...
15 Sep, 2020, 04.13 PM IST
GST compensation due to states at Rs 1.51 lakh crore, Maharashtra leadsThe provisional GST compensation due to states/UTs for 2020-21 was highest for Maharashtra at Rs 22,485 crore, followed by Karnataka (Rs 13...
14 Sep, 2020, 04.00 PM IST
GST compensation cess states revenue, Centre can't borrow against it: FinMin sourcesThe revenue accruing from GST compensation cess goes to the states and the Centre cannot borrow on the security of the tax which it does no...
07 Sep, 2020, 11.14 PM IST
Telangana CM asks PM Modi to reverse decision on GST shortfall borrowingsThe development came a day after the finance ministers of ten opposition states expressed their concerns over the options that the GST Coun...
01 Sep, 2020, 10.24 PM IST
Congress leader P Chidambaram lauds 6 states for rejecting Centre's GST proposal"Congratulations to the finance ministers of Punjab, Chhattisgarh, Kerala, West Bengal, Telangana and Delhi for rejecting the bogus twin op...
01 Sep, 2020, 09.57 PM IST
Telangana Chief Minister asks PM Modi to reverse decision on GST shortfall borrowingsIn a three-page letter to Modi on Tuesday, Rao asked the Centre to raise the borrowings and serve the debt both principal and interest from...
01 Sep, 2020, 04.45 PM IST
Telangana says it lost Rs 8,000 cr income in 4 months; Demands full GST compensation by CentreIt was "loud and clear" that as per the GST Act, the Centre will compensate if the states tax revenue growth was less than 14 per cent, Rao...
31 Aug, 2020, 08.16 PM IST
As tax revenues fall, south states increase borrowingsTamil Nadu, Karnataka, Andhra Pradesh, Telangana and Kerala have together raised over 1.2 lakh crore, and along with Maharashtra, Rajasthan...
28 Aug, 2020, 01.39 PM IST
TRS, Shiv Sena, TMC protest in Lok Sabha over GST duesSome state governments have raised concerns regarding compensation on the GST. The states had pegged the pending dues at around Rs 50,000 c...
11 Dec, 2019, 01.27 PM IST
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04 Jul, 2019, 03.24 PM IST
States slip on fiscal targets on farm loan waivers, GST: RBIStudies suggest that the debt waivers have also led to a shift to informal sources of finance, it said, adding that they also possess a ris...
12 Jul, 2018, 08.54 PM IST