Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
  • SBI Life
  • DSP Mutual Fund
Upcoming Event : LeapToUnicorn - mentoring, networking and fundraising for startups. Register now

Centre 'betraying' federalism by 'refusing' to pay GST compensation to states: Manish Sisodia

Emerging out of a GST Council meeting, he said the Centre has refused to pay GST compensation to states and asked them to take a loan from the RBI to meet their shortfall caused by the COVID-19 pandemic.

August 28, 2020 / 09:21 PM IST

Delhi Finance Minister Manish Sisodia accused the Centre of "betraying" federalism by “refusing” to pay GST compensation to states, and demanded it take loan from the RBI on behalf of the city government which he said is facing a revenue shortfall.

Emerging out of a GST Council meeting, he said the Centre has refused to pay GST compensation to states and asked them to take a loan from the RBI to meet their shortfall caused by the COVID-19 pandemic.

“However, under the current hybrid system (of governance), the Delhi government cannot take a loan from the RBI. The Centre should take a loan from the RBI on behalf of the Delhi government," he said.

Sisodia, also Delhi's Deputy Chief Minister, said the city government estimates a revenue shortfall of around Rs 21,000 crore in the current financial year.