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COMPENSATION SHORTFALL
Rs 15 lakh, Rs 20 lakh or Rs 25 lakh CTC? Check your exact TDS under new vs old tax regime for Tax Year 2026-27Understanding Tax Deducted at Source (TDS) on your salary is crucial. Employers calculate your annual tax liability based on declared incom...- Banks are cutting credit card perks quietly; Learn how to get more value from your walletMany banks have recently reduced credit card rewards, cashback limits, and perks, prompting cardholders to reassess their spending strategi...
- RBI's dividend gives Govt fiscal breathing space amid crude oil pressures: Kotak Securities Anindya BanerjeeThe Reserve Bank of India's (RBI) record dividend payout of Rs 2.87 lakh crore is expected to directly repair the government's balance shee...
- Bulk buyers shifting to retail pumps behind fuel demand spike in parts of IndiaFuel demand is rising at some Indian petrol pumps. Bulk diesel buyers are switching to retail outlets due to a large price gap. This is cau...
- India needs to reduce the strategic importance of fertilisers through a bold agricultural policyGlobal events like the West Asia conflict and El Nino threaten governments. Rising fertilizer prices create a fiscal and political crisis f...
- Centre releases balance Rs 44,000 crore to states to meet GST compensation shortfallThe government had released Rs 75,000 crore in July and Rs 40,000 crore earlier this month, as back-to-back loan in-lieu of GST compensatio...
- Finance ministry releases Rs 75,000 crore to states and UTs, nearly half of FY22 GST compensation shortfallThe amount was part of the back-to-back loan facility provided to the states and UTs with legislature in lieu of the expected shortfall in ...
- States may face Rs 3 lakh crore GST compensation shortfall in FY22: ReportIn FY21, the states were facing a shortfall of Rs 1.1 lakh crore in GST compensation from the Centre but over 90 per cent of that amount ha...
- Government releases full Rs 1.1 lakh crore to states for GST compensation shortfallRatings agency ICRA estimated that GST compensation requirement of the state governments for FY2022 would be at Rs 2.7-3.0 lakh crore, and ...
- Centre releases 17th installment of Rs 5000 crore to states to meet GST compensation shortfallOut of this, an amount of Rs 91,460.34 crore has been released to the States and an amount of Rs 8,539.66 crore has been released to the 3 ...
- FinMin releases weekly instalment of Rs 6,000 cr to states to meet GST shortfallThe finance ministry in a statement said it has released the 13th weekly instalment of Rs 6,000 crore to the states to meet the GST compens...
- Centre releases 11th installment of Rs 6000 crore to states to meet GST compensation shortfallOf this amount, Rs 5,516.60 crore was released to 23 states and Rs 483.40 crore to Delhi and the Union Territories of Jammu & Kashmir and P...
- Centre releases 10th installment to states to meet GST compensation shortfallOf this, an amount of Rs 5,516.60 crore has been released to 23 states and Rs 483.40 crore to Delhi and the union territories of Jammu & Ka...
- Chhatisgarh takes Rs 1.1 lakh cr option to meet GST compensation shortfallThe Centre had offered to all states two options – Rs 97,000 crore and Rs 2.35 lakh crore – with different set of conditions for each to me...
- GST compensation shortfall: Kerala may take Option 1 under protest“If there’s no other option then we will also accept, but under protest and we will continue to raise the issue at the GST Council… There w...
- Rajasthan takes Rs 1.1 lakh crore option to meet GST compensation shortfallThe finance ministry said in a statement on Thursday that Rajasthan will get Rs 4,604 crore through special borrowing window and will be pe...
- GST shortfall: Centre borrows, transfers Rs 6,000 crore to 16 states, two union territoriesThe finance ministry said that the Centre would borrow from the market to pay the GST compensation shortfall of Rs 1.1 lakh crore to states...
- GST Council may set up GoM on compensation shortfallThe Goods and Services Tax (GST) Council could consider setting up a group of ministers (GoM) to resolve the row over states having to borr...
- States should not be made to bear the burden of borrowing: Punjab FM Manpreet Badal“States should not be made to bear the burden of borrowing, which in any case is likely to be higher than the rate at which the central gov...
- States may have to borrow as AG says Centre not obligated to pay for GST compensation shortfallSources said the AG in his view has said there is no obligation on the central government to pay the GST compensation shortfall from its co...
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