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Himachal Invokes Kyoto Protocol To Demand GST Compensation From Centre
The Himachal Pradesh government on Saturday urged the Centre to make some arrangement for hilly states in lieu of the revenue loss due to GST implementation and sought compensation on the pattern of the Kyoto protocol.
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BJP Vs Congress In Delhi, Karnataka As Centre-States Fund Row Heats Up
The BJP and the Congress went head-to-head Wednesday morning over allegations the centre is withholding funds - specifically devolution of tax revenue - to the Karnataka government.
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Centre Releases Rs 7,183 Crore As Revenue Deficit Grant To 14 States
The central government on Tuesday released Rs 7,183.42 crore as revenue deficit grant to 14 states including Andhra Pradesh, Kerala, Assam, Rajasthan and West Bengal.
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MediaTek Plans to Open New Design Centre in the US With $1.4 Million Aid From the State
MediaTek, the world's fourth largest chip designer by revenue, plans to create a new design centre in US' Indiana in partnership with Purdue University. While there is no clarity on how much the company would invest in its first Midwestern design hub, MediaTek said it will receive $1.4 million from the state for the centre.
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Indian Data Centres Expansion Expected to Add Up to 1.2 Lakh Crore Investment Over Next Five Years: Report
Indian data centres are expected to get investments up to 1.2 lakh crore by both foreign and local firms over the period of next five years, stated ICRA. The Indian data centres market is witnessing a healthy growth. With increase in revenues and better absorption of fixed costs, operating margins for the data centre companies are likely to improve...
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Bengal Facing Rs 1,141 Crore Loss Due To Fuel Price Cut: Mamata Banerjee
Claiming that West Bengal is staring at a total revenue loss of Rs 1,141 crore due to reduction of duties on petrol and diesel, Mamata Banerjee on Monday attacked the Centre for allegedly favouring BJP-ruled states in giving them their dues.
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"I Stand Corrected": Congress's P Chidambaram On Fuel Price Cut
Fuel Prices Cut: Senior Congress leader P Chidambaram today said whether the states can afford to give up revenue from VAT on petrol and diesel unless the Centre devolves more funds or gives them more grants.
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"Can WhatsApp Details": Jharkhand Chief Minister vs Centre On Coal Dues
Jharkhand Chief Minister Hemant Soren on Saturday said he has written to the government of India for repayment of over Rs 1,30,000 crore of state government's dues pertaining to coal, revenue resources of mining areas etc.
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Karnataka Seeks Centre's Go-Ahead To Administer Booster Dose: Minister
In view of rising COVID-19 cases, the Karnataka government requested the Centre to allow the state to administer the booster dose of vaccine to prevent the third wave, informed state Revenue Minister R Ashok on Saturday.
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Karnataka Demands Extension Of GST Compensation To States Beyond 2022
Amid fall in state revenue and GST collection in view of COVID-19 crisis, Karnataka Chief Minister Basavaraj S Bommai on Thursday demanded the Centre to extend the GST compensation period to states beyond 2022, for three more years.
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Centre Should Cut Its Tax On Fuel: Tamil Nadu Deputy Chief Minister
The centre should come forward to reduce its tax on petroleum products since the resources for state's own tax revenue is meagre, Tamil Nadu Deputy Chief Minister O Panneerselvam told the Assembly on Saturday.
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Madhya Pradesh Mandis' Revenue At One-Third In January, To Rent Out Space
At a time when the governments at the centre and Madhya Pradesh have been espousing the benefits of the new farm laws and assuring that wholesale agriculture markets, or mandis, will remain open, the state agricultural marketing board has been looking at a huge loss and an uncertain future.
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Karnataka Chooses Centre's Option 1 - Will Borrow To Make Up For GST Loss
The BJP-ruled Karnataka today said it has decided to opt for the first among the two options offered by the Central government for borrowing to meet the shortfall in GST revenues, under which the state will be eligible for a total compensation of Rs 18,289 crore.
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"Betrayal": Mamata Banerjee, 5 Other Chief Ministers Write To PM Over GST
The chief ministers of six non-BJP-ruled states have written to the centre to remind it of its "constitutional" responsibilities in the stand-off over the Rs 2.35 lakh crore shortfall in GST compensation and financial relief (from the pandemic) due to states. Mamata Banerjee (Bengal), Pinarayi Vijayan (Kerala), Arvind Kejriwal (Delhi), Edappadi K P...
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Will Pay GST Arrears Despite Losses Due To "Act Of God": Centre To States
The centre in a letter to the states has promised it would clear their goods and services tax (GST) dues despite the massive shortfall in GST cess collection amid the coronavirus pandemic, a situation that has been described as "an act of God" by Finance Minister Nirmala Sitharaman. The government in the letter said it wants to stay clear of "avoid...
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Himachal Invokes Kyoto Protocol To Demand GST Compensation From Centre
The Himachal Pradesh government on Saturday urged the Centre to make some arrangement for hilly states in lieu of the revenue loss due to GST implementation and sought compensation on the pattern of the Kyoto protocol.
-
BJP Vs Congress In Delhi, Karnataka As Centre-States Fund Row Heats Up
The BJP and the Congress went head-to-head Wednesday morning over allegations the centre is withholding funds - specifically devolution of tax revenue - to the Karnataka government.
-
Centre Releases Rs 7,183 Crore As Revenue Deficit Grant To 14 States
The central government on Tuesday released Rs 7,183.42 crore as revenue deficit grant to 14 states including Andhra Pradesh, Kerala, Assam, Rajasthan and West Bengal.
-
MediaTek Plans to Open New Design Centre in the US With $1.4 Million Aid From the State
MediaTek, the world's fourth largest chip designer by revenue, plans to create a new design centre in US' Indiana in partnership with Purdue University. While there is no clarity on how much the company would invest in its first Midwestern design hub, MediaTek said it will receive $1.4 million from the state for the centre.
-
Indian Data Centres Expansion Expected to Add Up to 1.2 Lakh Crore Investment Over Next Five Years: Report
Indian data centres are expected to get investments up to 1.2 lakh crore by both foreign and local firms over the period of next five years, stated ICRA. The Indian data centres market is witnessing a healthy growth. With increase in revenues and better absorption of fixed costs, operating margins for the data centre companies are likely to improve...
-
Bengal Facing Rs 1,141 Crore Loss Due To Fuel Price Cut: Mamata Banerjee
Claiming that West Bengal is staring at a total revenue loss of Rs 1,141 crore due to reduction of duties on petrol and diesel, Mamata Banerjee on Monday attacked the Centre for allegedly favouring BJP-ruled states in giving them their dues.
-
"I Stand Corrected": Congress's P Chidambaram On Fuel Price Cut
Fuel Prices Cut: Senior Congress leader P Chidambaram today said whether the states can afford to give up revenue from VAT on petrol and diesel unless the Centre devolves more funds or gives them more grants.
-
"Can WhatsApp Details": Jharkhand Chief Minister vs Centre On Coal Dues
Jharkhand Chief Minister Hemant Soren on Saturday said he has written to the government of India for repayment of over Rs 1,30,000 crore of state government's dues pertaining to coal, revenue resources of mining areas etc.
-
Karnataka Seeks Centre's Go-Ahead To Administer Booster Dose: Minister
In view of rising COVID-19 cases, the Karnataka government requested the Centre to allow the state to administer the booster dose of vaccine to prevent the third wave, informed state Revenue Minister R Ashok on Saturday.
-
Karnataka Demands Extension Of GST Compensation To States Beyond 2022
Amid fall in state revenue and GST collection in view of COVID-19 crisis, Karnataka Chief Minister Basavaraj S Bommai on Thursday demanded the Centre to extend the GST compensation period to states beyond 2022, for three more years.
-
Centre Should Cut Its Tax On Fuel: Tamil Nadu Deputy Chief Minister
The centre should come forward to reduce its tax on petroleum products since the resources for state's own tax revenue is meagre, Tamil Nadu Deputy Chief Minister O Panneerselvam told the Assembly on Saturday.
-
Madhya Pradesh Mandis' Revenue At One-Third In January, To Rent Out Space
At a time when the governments at the centre and Madhya Pradesh have been espousing the benefits of the new farm laws and assuring that wholesale agriculture markets, or mandis, will remain open, the state agricultural marketing board has been looking at a huge loss and an uncertain future.
-
Karnataka Chooses Centre's Option 1 - Will Borrow To Make Up For GST Loss
The BJP-ruled Karnataka today said it has decided to opt for the first among the two options offered by the Central government for borrowing to meet the shortfall in GST revenues, under which the state will be eligible for a total compensation of Rs 18,289 crore.
-
"Betrayal": Mamata Banerjee, 5 Other Chief Ministers Write To PM Over GST
The chief ministers of six non-BJP-ruled states have written to the centre to remind it of its "constitutional" responsibilities in the stand-off over the Rs 2.35 lakh crore shortfall in GST compensation and financial relief (from the pandemic) due to states. Mamata Banerjee (Bengal), Pinarayi Vijayan (Kerala), Arvind Kejriwal (Delhi), Edappadi K P...
-
Will Pay GST Arrears Despite Losses Due To "Act Of God": Centre To States
The centre in a letter to the states has promised it would clear their goods and services tax (GST) dues despite the massive shortfall in GST cess collection amid the coronavirus pandemic, a situation that has been described as "an act of God" by Finance Minister Nirmala Sitharaman. The government in the letter said it wants to stay clear of "avoid...
