Modi govt says revenues are under strain and expenditure is increasing due to the pandemic and needs of national security to counter states' demand that it should borrow.
Senior Congress leader and former finance minister, Chidambaram said the 2 options given by the Modi govt to states to bridge the GST compensation gap is a gross violation of law.
Punjab minister Manpreet Singh Badal says not paying GST dues would amount to ‘sovereign default’, while Bihar Deputy CM Sushil Modi says it’s the govt’s ‘moral commitment’.
Finance ministry said that in June, a large number of people paid taxes pertaining to February, March & April on account of the relief provided due to Covid-19.
Data released by the Controller General of Accounts showed that contraction in tax revenues and rising expenditures pushed the fiscal deficit to over Rs 6.6 lakh crore in first quarter.
In an interview with ThePrint, Assocham president Niranjan Hiranandani says RBI should also look at a one-time loan restructuring to prevent a banking system collapse.
Maharashtra received the highest GST compensation from the Centre amounting to Rs 19,233 crores, followed by Karnataka which received Rs 18,628 crores.
BJP’s fate in the second phase of 2024 Lok Sabha election will be decided in Karnataka, Rajasthan, and Maharashtra, where it performed very well in 2019 but faces a stiff competition now.
The private lender's shares tumbled to be top Nifty 50 loser after India's central bank barred it from taking on new customers through online and mobile banking channels.
Another addition to military cooperation has been the Strategic Space Dialogue, inaugurated in Paris in 2023. Last month, India participated as an observer to France’s AsterX.
I have a doubt:
Do we have a “Modi Govt” or a democratically elected Government of India? Why do certain section of people call it Modi Govt. He is only a PM.
I have a doubt:
Do we have a “Modi Govt” or a democratically elected Government of India? Why do certain section of people call it Modi Govt. He is only a PM.