-Livemint.com The amount released this week was the 6th installment of such funds provided to the States The Finance Ministry has released the weekly installment of ₹6,000 crore to the States to meet the GST compensation shortfall on Wednesday. Out of this, an amount of ₹5,516.60 crore has been released to 23 States and an amount of ₹483.40 crore has been released to the 3 Union Territories with Legislative Assembly (Delhi, Jammu &...

-The Indian Express Post 2014, two centralisations — of political and economic power — continue to reinforce each other, with profound consequences for the country and potential to define popular narrative in days ahead. The return of single-party dominance and its implications for politics after nearly 25 years of minority/coalition governments at the Centre (December 1989-April 2014) has been widely commented upon. As have concerns over rising corporate market power and their...

-The Telegraph Three states — Punjab, Jharkhand and Chhattisgarh — have not accepted the proposals yet Bengal and Kerala have dropped their opposition to the Centre’s borrowing option to bridge the gap in the Goods and Services Tax revenue receipts. The two states have opted for the limited borrowing option under which the Centre will borrow funds and pass them on to the states but the debt will be recognised in the balance...

-The Hindu India could be living through a reprise of the ‘Congress system’, but with significant differences in the BJP’s re-enactment At the first signs of stress, the grand vision of a nation unified in a singular system of taxation, was supplanted by a policy of every-state-for-itself. Just over three years ago, the introduction of a unified “goods and services tax” (GST) was heralded by a midnight session of Parliament, a theatrical...

-Livemint.com * Nobody is going to be denied the compensation which has arisen out of implementation of GST and COVID impact. A discussion with states is on,' says Sitharaman * Sitharaman adds that compensation cess collected this year amounting to about ₹20,000 crore will get disbursed to all states by tonight Union Finance Minister Nirmala Sitharaman during the 42nd Goods and Services Tax (GST) Council meeting today decided to extend compensation cess beyond...