The aggregate indebtedness of states – measured by debt to gross state domestic product (GSDP) – is expected to remain at 30-31% of their respective GDP this fiscal, almost at the same levels of FY’22 due to flattish growth in fuel tax and discontinuation of GST compensation according to ratings firm Crisil Besides, sticky revenue … Read more
Despite opposition from several quarters Meghalaya Chief Minister Conrad K. Sangma on Saturday has ruled out repealing of the Meghalaya Regulation of Gaming Act, 2021. Sangma said, “If the act repealed then there would be nothing to regulate the gaming. Meghalaya Regulation of Gaming Act, 2021 is vital to regulate the existing gambling parlours, which … Read more
The Finance Ministry on Thursday said it has released the sixth monthly instalment of revenue deficit grant of Rs 9,871 crore to 17 states. Post Devolution Revenue Deficit Grant is provided to the states under Article 275 of the Constitution. The grants are released as per the recommendations of the 15th Finance Commission in monthly … Read more
NEW DELHI: Ahead of the crucial meeting of the Good and Services Tax (GST) Council on October 5, the Opposition-ruled states have dug in their heels against the Centre’s two borrowing options on GST shortfall compensation and are likely to take a common stand at the meeting. The Opposition-ruled states of Punjab, Chhattisgarh, Jharkhand, West … Read more