A meeting of the GST Council ought to be called immediately to discuss a raft of issues, including the grim possibility that the shortfall in compensation to the states could widen just when they need...

Finance minister Nirmala Sitharaman on Monday introduced the Insurance Amendment Bill 2021 in the Rajya Sabha that seeks to increase FDI in insurance to 74 per cent from 49 per cent. The bill which a...

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States are expected to raise concerns over inadequate GST compensation once again as the 15th Finance Commission has estimated the shortfall in the payout at Rs 7.1 lakh crore for the period April 202...

The Bengal government has partially agreed to the latest formula proposed by the Centre to clear the shortfall in GST compensation to the states. While it has decided to go along with the Modi govern...

The Centre has borrowed and transferred Rs 6,000 crore as the first tranche of GST compensation under the special borrowing window to 16 states even as some states continue to demand a meeting of the ...

The GST Council should meet and evolve a consensus on the borrowing by the Centre to compensate the states, Kerala finance minister Thomas Isaac said on Thursday. “Having reached a consensus on...

The Centre on Tuesday permitted 20 states to raise additional Rs 68,825 crore through open market borrowings to bridge the revenue shortfall caused by the Covid-19 pandemic. The decision comes a day ...

The slanging match between the Centre and  some Opposition-ruled states over the contentious payment of compensation for the shortfall in goods and services tax collections has now descended into...