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  • GST woes: Debt to meet compensation gap on states' balance sheet might limit borrowing capacity in future Aug 28, 2020 06:22 PM IST

    GST woes: Debt to meet compensation gap on states' balance sheet might limit borrowing capacity in future

    The Fiscal Responsibility and Budget Management committee had suggested bringing down the general government debt-to-GDP ratio to 60 percent by 2023. The calculation included 40 percent for the central debt and 20 percent for states' debt.

  • GST Council meeting on August 27 to discuss compensation to states, seek consensus on market borrowing option Aug 20, 2020 01:31 PM IST

    GST Council meeting on August 27 to discuss compensation to states, seek consensus on market borrowing option

    The options before the GST Council to meet shortfall in compensation to states could be rationalise GST rates, cover more items under the compensation cess, increase the compensation cess, or recommend higher borrowing by states

  • States unlikely to allow restructuring of GST rates for next 6-7 months Jul 30, 2020 04:37 PM IST

    States unlikely to allow restructuring of GST rates for next 6-7 months

    Finance Secretary Ajay Bhushan Pandey earlier this week informed the Parliamentary Standing Committee on Finance that the government is in no position to pay the GST share of states in keeping with the current revenue sharing formula

  • States get full GST compensation for 2019-20; but next year's payment remains a question mark Jul 28, 2020 06:21 PM IST

    States get full GST compensation for 2019-20; but next year's payment remains a question mark

    Under GST law, states are guaranteed to be paid for any loss of revenue in the first five years of the GST implementation from July 1, 2017. The shortfall is calculated assuming a 14 percent annual growth in GST collections by states over the base year of 2015-16.

  • Explained | Why states are clamouring over delayed GST compensation Jul 24, 2020 05:14 PM IST

    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

  • COVID-19 impact | Tax devolution to states to be 30% lower than budgeted Rs 7.8 lakh crore Jun 03, 2020 03:44 PM IST

    COVID-19 impact | Tax devolution to states to be 30% lower than budgeted Rs 7.8 lakh crore

    The provisional data released by the government shows that the centre's gross tax revenues contracted by 3.4 percent to Rs 20.1 lakh crore in FY 2020, from Rs 20.8 lakh crore in FY 2019

  • Ensure refunds of foreign returnees from hotels: MHA to states May 27, 2020 09:05 AM IST

    Ensure refunds of foreign returnees from hotels: MHA to states

    In a letter to all state governments and union territory administrations, Union Home Secretary Ajay Bhalla said the fresh guidelines issued by the Ministry of Health and Family Welfare have revised the quarantine arrangements for those Indians who have returned from abroad under the Vande Bharat Mission.

  • Coronavirus lockdown | Calamity cess on GST would be counter-productive now: Government official May 26, 2020 01:47 PM IST

    Coronavirus lockdown | Calamity cess on GST would be counter-productive now: Government official

    In April, in a bid to provide relief to states amid the coronavirus outbreak, the finance ministry has released about Rs 34,000 crore in two phases to states as compensation for their revenue loss in the GST regime

  • CBI issues alert to states, UTs on banking phishing software on basis of Interpol input: Officials May 20, 2020 08:40 AM IST

    CBI issues alert to states, UTs on banking phishing software on basis of Interpol input: Officials

    A banking Trojan known as Cerberus is used by cybercriminals internationally and it is taking advantage of the novel coronavirus pandemic to impersonate and send SMSes under the cover of COVID-19-related content, asking innocuous users to download an embedded malicious link, they said.

  • Coronavirus impact | 21 states stare at a collective revenue loss of around Rs 9.71 lakh crore in April alone May 15, 2020 03:35 PM IST

    Coronavirus impact | 21 states stare at a collective revenue loss of around Rs 9.71 lakh crore in April alone

    Some amount of revenue did accrue to the state government under the head of SGST (40 percent), state VAT (30 percent), tax and duty on electricity (10 percent) and own non-tax revenue (10 percent), according to the report

  • PM Modi interacting with CMs today; extension of lockdown on agenda Apr 10, 2020 12:05 PM IST

    PM Modi interacting with CMs today; extension of lockdown on agenda

    The video conference comes amidst indications that the central government may extend the lockdown across the country beyond April 14 after several states have favoured the extension to contain the fast-spreading virus.

  • RBI relaxes overdraft facility stipulations for states, UTs Apr 08, 2020 02:35 PM IST

    RBI relaxes overdraft facility stipulations for states, UTs

    The RBI said this will “provide greater flexibility to the state governments to tide over their cashflow mismatches”

  • States raise Rs 32,560 crore from bond market at higher rates to manage expenses, says report Apr 08, 2020 12:43 PM IST

    States raise Rs 32,560 crore from bond market at higher rates to manage expenses, says report

    As many as 19 states had lined up to borrow up to Rs 37,500 crore, but managed to raise only Rs 32,560 crore.

  • Coronavirus pandemic | Disparity in medical staff distribution as 5 states have 52% doctors Apr 03, 2020 12:52 PM IST

    Coronavirus pandemic | Disparity in medical staff distribution as 5 states have 52% doctors

    As the nation fights the pandemic, the uneven distribution of doctors remains a cause for concern in many States.

  • Coronavirus pandemic | Clashing state orders, shortage of test kits hinder private labs Apr 02, 2020 11:39 AM IST

    Coronavirus pandemic | Clashing state orders, shortage of test kits hinder private labs

    Transportation disruption, especially inter-state, has further exacerbated the issue

  • Madhya Pradesh, Odisha and Maharashtra top land records and services index Feb 27, 2020 06:03 PM IST

    Madhya Pradesh, Odisha and Maharashtra top land records and services index

    Madhya Pradesh got 74.9 points, followed by Odisha (67.5 points), Maharashtra (65.3 points), Chhattisgarh (64.1 points) and Tamil Nadu (63 points).

  • Manish Sisodia bats for campaign by states, Centre to develop govt schools Feb 13, 2020 11:10 AM IST

    Manish Sisodia bats for campaign by states, Centre to develop govt schools

    "This is positive politics. All the states and the Centre should run together a time-bound campaign on facilities and quality of learning in government schools. Only then India will become a developed nation. Governments closing down government schools are obstacles in the path of making the country developed," Sisodia said in a tweet in Hindi.

  • Centre closely monitors central funds given to states: Narendra Singh Tomar Feb 11, 2020 12:56 PM IST

    Centre closely monitors central funds given to states: Narendra Singh Tomar

    Union Minister for Panchayati Raj Narendra Singh Tomar said under the Centrally Sponsored Scheme (CSS) of RGSA, funds released to states and Union Territories are utilised by them for undertaking activities sanctioned or permitted under their annual plans as recommended by Central Empowered Committee (CEC) and finally approved by the competent authority.

  • FM says Centre committed to paying GST compensation; does not give timeline Dec 12, 2019 09:50 PM IST

    FM says Centre committed to paying GST compensation; does not give timeline

    The FinMin however, did not reply to questions on by when the Centre clear the dues of states.

  • Poorer states leave industrialised peers behind in GST collection rates: Report Aug 13, 2019 01:36 PM IST

    Poorer states leave industrialised peers behind in GST collection rates: Report

    Overall GST collection for the period rose 9 per cent to Rs 3.56 lakh crore

  • Model Tenancy Act 2019 unlikely to go the RERA way: Housing ministry Jul 24, 2019 06:14 PM IST

    Model Tenancy Act 2019 unlikely to go the RERA way: Housing ministry

    All states, including West Bengal, have already given their commitment by signing an MoU from PMAY-U under which in the event the Centre comes up with the Model Tenancy Act, the states would either have to enact the same Act or align it with their existing rental laws

  • CXO corner | It is time for deeper structural reforms Apr 15, 2019 08:56 AM IST

    CXO corner | It is time for deeper structural reforms

    A balance between efficiency, productivity and equity will be critical for sustaining economic growth.

  • Ranking of states, UTs on startup development to be announced on December 20 Dec 18, 2018 02:57 PM IST

    Ranking of states, UTs on startup development to be announced on December 20

    "The work is completed for the ranking and we will release it on December 20," the official added.

  • Haryana government to conduct e-auction for mining lease Nov 13, 2017 07:01 PM IST

    Haryana government to conduct e-auction for mining lease

    The block would be auctioned for a period of 10 years.

  • States' fiscal deficit will rise to 3.3% in 2017-18: Ind-Ra Feb 27, 2017 02:54 PM IST

    States' fiscal deficit will rise to 3.3% in 2017-18: Ind-Ra

    "The aggregate fiscal deficit of Indian states is expected to increase marginally to 3.3 percent of gross domestic product (GDP) in FY18 from the forecast of 3.2 percent for FY17," it said in a note.

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