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Govt's FY20 spending seen lower by Rs 2 lakh crore; sharpest cut since FY15

-The Indian Express The Centre is set to cut annual budgetary expenditure for current fiscal by nearly Rs.2.2 lakh crore or 8 per cent from the Budget Estimate. With tax revenue growth lagging the required rate by a wide margin, the Centre is all set to cut the annual budgetary expenditure for the current financial year by nearly Rs 2.2 lakh crore or 8 per cent from the Budget Estimate (BE). The...

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Tripura tribal parties announce statewide stir against CAA from Jan 7 -Debraj Deb

-The Indian Express INPT supremo Bijoy Kumar Hrangkhawl said he feels ‘cheated’ and ‘undermined’ by the central government’s reluctance in discussing their demand of exempting Tripura from CAA cover. Agartala: Showing their discontent with the Centre’s “reluctance” to take tribal leaders into confidence over implementation of Citizenship Amendment Act (CAA) in Tripura, a joint forum of three tribal political parties and social organisations Sunday announced series of agitations starting with a protest...

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States stare at over Rs.1 lakh crore revenue gap post withdrawal of GST compensation

-PTI At the time of implementation of the Goods and Services Tax on July 1, 2017, the Centre had promised to compensate states for loss of revenue for five years at an agreed formula States might be facing a consolidated revenue gap of up to Rs.1.23 lakh crore on account of withdrawal of compensation after the five-year GST transition period ends on June 30, 2022, says a report by economic think tank...

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In Maharashtra, linking land records to PM Fasal Bima saves time, plugs leaks -Parthasarathi Biswas

-The Indian Express Does away with need for village revenue officer’s signature; guards against crop insurance fraud. Pune: Early in December, when Bhagwan Ingole, a farmer from Malegaon in Ardhrapur taluka of Nanded went to the Citizen Facilitation Centre in his village to insure his one acre of rabi chana (bengal gram) crop, he was in for a surprise. During the previous seasons, the operator of this one-stop shop catering to most...

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