On receipt of the choice of Option 1, Central govt has granted additional borrowing permission of Rs.4,522 crore to Kerala and Rs.6,787 crore to West Bengal respectively.
From opposing farm laws to protesting stringent Covid rules and withdrawing consent to CBI probes, opposition-ruled states have been at loggerheads with the Centre.
GSTN had augmented the capacity of the gateway from 1.5 lakh to 3 lakh concurrent logged in taxpayers in June to handle the expected sharp surge on the portal after easing of the lockdown.
Frequent changes in tax laws leading to uncertainties for businesses and lowering of rates without a corresponding rise in tax buoyancy among factors for lack of buoyant GST collection.
Tax revenues declined 22 per cent from the year-ago period to Rs 4.58 lakh crore and were at 28 per cent of the full year target of Rs 16.36 lakh crore in the April-September period.
RBI estimates that gross fiscal deficit of states could cross 4 per cent, and force govts to put investments on hold, leading to a vicious cycle of incurring loss without spurring recovery.
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In the latest budget, the FDI limit was increased to 100 percent, but most foreign companies are not buying such large stakes in the Indian insurance sector.
As Narendra Modi becomes India’s second-longest consecutively serving Prime Minister, we look at how he compares with Indira Gandhi across four key dimensions.
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