The Goods and Services Tax (GST) Council was deadlocked on the issue of compensation to be paid to states on account of the shortfall stemming from the transition to the levy in 2017. It however decided to extend the compensation cess beyond 2022—the five-year period that had been agreed originally. The council will meet again … Read more
BENGALURU: Opposition leader in the Karnataka Assembly Siddaramaiah on Thursday attacked chief minister BS Yediyurappa for accepting the Centre’s GST formula, and demanded the Centre should raise a loan to compensate the entire GST gap of states instead of just Rs 97,000 crore. “There is no way to determine exact loss due to pandemic or … Read more
Small incidents, often insignificant in the national imagination, are often the best indicators of a larger phenomenon. Over the past year, there has been controversy over the West Bengal government’s State Aided College Teachers scheme. The scheme regularises the employment of part-time and guest lecturers appointed by colleges and universities in the state. The move … Read more