While the Centre had assured to compensate states in case GST collections did not grow 14% annually, the compensation requirement has shot up to an estimated Rs 3 lakh crore this year due to Covid-19. With a projected deficit of Rs 2.3 lakh crore, the Centre has come up with two options, involving market borrowings, to bridge the gap with repayment funded through the compensation cess.
from Times of India https://ift.tt/2GCAKPm
via IFTTT
Subscribe to:
Post Comments (Atom)
-
Executive and mother-of-five Sarah Dougan faces a difficult choice: risk her new life and fortune to face justice in Australia or being kick...
-
“After visiting Alhambra as a young backpacker in 1982, I looked forward to my return visit to take in what I had not fully appreciated at t...
-
Hina Khan was recently mocked by a magazine editor for her debut appearance at the on-going Cannes Film Festival, enraging a host of TV frat...
No comments:
Post a Comment