-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...
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From PM economic council to Niti Aayog, growing disquiet over Govt tight fist -P Vaidyanathan Iyer
-The Indian Express Advisors urged fiscal push in form of wage subsidy, rural infrastructure Speaking to The Indian Express on September 26, Union Finance Minister Nirmala Sitharaman said that she is open to “the need for further stimulus” and its timing. That may not be much of an assurance given the growing sense of disquiet in expert bodies including the Prime Minister’s Economic Advisory Council, the Niti Aayog and the Chief Economic Advisor’s...
More »Labour Experts Dismiss Modi’s ‘Boost to Economy’ Brouhaha Over Codes -Ronak Chhabra
-Newsclick.in Reforms in labour laws will not create jobs, if at all, the conditions of employment will be a “disaster”, they say. The labour codes approved by Parliament are the wrong solution for the wrong problem, experts and academicians argue, even as the Centre continues to harp on about bolstering investments and creating jobs through relaxing regulatory laws, now, more desperately in the wake of the pandemic-triggered disruptions. The wrong problem: labour laws...
More »Centre used GST compensation cess elsewhere, violated law: CAG
-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 »Opposition trains guns on PM CARES
-The Hindu Lok Sabha passes taxation Bill; Congress, Trinamool MPs say it is meant only to clear the fund. The Lok Sabha cleared the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Bill, 2020, here on Saturday, despite strong criticism from the Opposition which said the Bill was aimed at giving an “all clear to the PM CARES Fund”. Finance Minister Nirmala Sitharaman said the Bill will replace an ordinance brought...
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