-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...
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GST Council decides to extend compensation CESs beyond June 2022: Sitharaman -Aparna Banerjea
-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...
More »India's Small Schools are Failing to Provide Equal Education to Rural Children -Tanoj Meshram
-News18.com The new National Education Policy 2020 (NEP 2020 hereafter) has rekindled the debate on the various kinds of problems in Indian education. One of the problems which has bothered me is the need for reforms in rural government elementary schools, more specifically the need for addressing the problem of sub-optimal schooling experienCES and poor learning outcomes of poor rural children. The Annual Status of Education Report (ASER) 2014 brought out...
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 »Centre’s stance on GST compensation to states is untenable, legally and morally -TM Thomas Isaac
-The Indian Express The stand of Indian government is devoid of any macro-economic logic. It is not a contra-cyclical, but a pro-cyclical stance. And it is untenable, legally and morally. The relation between the Centre and the states has reached its nadir with the controversy over the GST compensation payment. The shortfall in GST revenues in 2020-21 from the protected level will be of the order of Rs 3 lakh crore. The...
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