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    • COP27 ends with historic compensation fund; delivers less on other issues

      COP27 ends with historic compensation fund; delivers less on other issues

      India termed COP27 "historic" for securing an agreement on establishing a fund to address loss and damage due to climate change-induced disasters, saying "the world has waited far too long for this".

    • Explained | Why states are clamouring over delayed GST compensation

      Explained | Why states are clamouring over delayed GST compensation

      Under GST law, states were guaranteed payment for any loss of revenue in the first five years of the GST implementation starting July 1, 2017. The shortfall is calculated assuming a 14 per cent annual growth in GST collections by states over the base year of 2015-16. States are promised compensation for any revenue shortfall till 2022, in case they go below the 14 per cent annual growth since the GST rollout in 2017

    • States, Centre reach consensus on GST Bill

      States, Centre reach consensus on GST Bill

      Sources also say that petroleum products are likely to be kept outside the Bill. Also, the Centre may try for a constitutional provision for the GST compensation fund. The entry tax is likely to be subsumed into GST.

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