-PTI/ The Hindu The CAG findings run contrary to Finance Minister Nirmala Sitharaman’s submissions in Parliament last week that states could not be compensated for revenue shortfall from the Consolidated Fund of India (CFI) relying on an opinion from the Attorney General of India which stated that there was no such provision in the law. The CAG has found that the Union government in the very first two years of the GST...
More »SEARCH RESULT
Total Matching Records found : 96
In ‘act of god’, coercive not cooperative federalism -Rajeev Gowda and Manpreet Singh Badal
-The Hindu In bridging the GST gap, the Centre ought to help States through the Consolidated Fund of India It is beyond anyone’s imagination that the Government of India would invoke the “Force Majeure” clause against its own people. Unfortunately, this has become reality at a time when every Indian State is massively burdened by the COVID-19 crisis and governance has been severely affected. Finance Minister Nirmala Sitharaman’s statement on Thursday that the...
More »GST cess falls 42% short in FY20
-The Hindu Compensation for last fiscal paid to States using previous years’ balance of cess The Centre made up a 42% shortfall in Goods and Services Tax compensation cess collection in 2019-20 by using balance of cess from previous years, plus a transfer from the Consolidated Fund of India. Meanwhile, the GST Council, which was slated to meet this month to discuss the possibility of market borrowing to meet likely future shortfalls,...
More »This Centre is a collection centre -Anita Joshua
-The Telegraph Migrant fiasco: Part II unfolds The decision to squeeze some money out of the mass movement of migrants blew up in the Centre’s face on Monday, prompting it to try and shift the blame to state governments. But the paper trail shows that states were asked to “collect the ticket fare” and hand over the amount to the Indian Railways. This is the second time the Narendra Modi government is finding...
More »Shramik Specials: railways say ‘sending States’ will have to pay ticket costs
-The Hindu It was up to the States to decide how to fund this cost, states the national transporter. The railways on Monday said the “sending States” should pay them for transporting migrant workers on Shramik Specials and it was up to them to decide how to fund this cost. “As per the guidelines issued, the sending State will pay the consolidated fare to Railways. Sending State may decide to bear this cost...
More »
