While the Narendra Modi government has stuck to its stand that pending payment is Rs 12,343 crore, MSMEs calim outstanding amount is Rs 2-3 trillion. Moreover, MSME ministry's SAMADHAN portal has been of little help.
While Union Finance Minister Nirmala Sitharaman reiterated her stand that the central government was committed to cooperative federalism, finance ministers of non-BJP ruled states such as Punjab and Kerala said she refused to give a categorical assurance that states will be paid compensation on time.
The CAG has found that the Union government in the very first two years of the GST implementation wrongly retained Rs 47,272 crore of GST compensation cess that was meant to be used specifically to compensate states for loss of revenue.
As India logged a world record of over four lakh coronavirus infections on Saturday, Congress leader Rahul Gandhi said the entire world is shaken by what is happening here and accused Prime Minister Narendra Modi of "dropping the ball and throwing it to states" after prematurely taking credit for having "won against COVID-19" when the second wave was already underway. "Rely on yourself is the motto. No one will come to help you. Definitely, not the prime minister," Gandhi said, while alleging that the COVID-19 situation has gone completely out of control for the Modi government, and wondered whether it was their way of making the states and the citizens truly 'Aatmanirbhar'.
Subramanian recommended five ways of financing additional expenditure over a period of one year, including cutting expenditure and borrowing directly from the RBI or monetising debt.
There could be multiple measures announced in quick succession, not only by the finance minister but also other ministers regarding their respective sectors, and by the Reserve Bank of India. The total size of these announcements could rival that of other G-20 nations as a percentage of GDP.
"We have to collectively address all doubts. The vision of flexibility with which this policy was brought... We will have to show in a similar way maximum flexibility in implementing it," Modi said while addressing the 'Governors' Conference on the Role of NEP in Transforming Higher Education'.
The prime minister appealed to people not to panic, saying thronging shops will pose the risk of spread of COVID-19. 'There is absolutely no need to panic; the Centre and states will work together to ensure availability of essential commodities, medicines, etc,' he said.
The plea filed by an advocate has also sought issuance of guidelines for creation of Standard Operating Procedures (SOP) to tackle such incidents and filling up of vacancies in forest forces across the country.
'Given the 50 per cent or thereabouts increase in borrowing that has been announced, it is a reasonable estimate to say that at this time, an increase of 1.7-1.8 per cent on the 3.5 per cent budgeted fiscal deficit target is being anticipated,' Chief Economic Adviser Krishnamurthy Subramanian said on Friday.
The infrastructure spending target for 2020-25 was revised because of additional and amended data provided by central ministries, state governments since the release of the summary NIP Report in December 2019 when it was pegged at Rs 100 trillion.
On July 23, the apex court had cracked its whip on errant builders for breaching the trust reposed by homebuyers and ordered cancellation of the registration of Amrapali Group under the real estate law RERA, and ousted it from its prime properties in the NCR by nixing the land leases.
'A hundred days later, it is a moot point whether the lockdown has been partially or totally effective, or, as sceptics indicate, plain ineffective.' 'Did it actually deflect infections and the loss of lives, or was it merely a hasty decision rammed down the populace's throats that choked the economy and caused the searing tragedy of dispossessed migrant workers?' ask Radha Roy Biswas and Manoj Mohanka.
Stating that India's consolidated deficit is the highest among the G20 nations, Gopinath added it is important for India to undertake reforms.
Vardhan emphasised on how the Indian traditional system of medicine has also contributed substantially in boosting the immunity of general population during COVID-19.
A bench headed by Justice L Nageswara Rao directed the state governments to get help from the National AIDS Control Organisation (NACO) and legal services authorities to identify sex workers and maintain confidentiality pertaining to the identity of sex workers.
Rates may be raised from 5 per cent to 8 per cent and 12 per cent to 15 per cent. The Council can explore possibility of merger of slabs to bring down the number of slabs to three. The Central GST collection fell short of the Budget Estimate by nearly 40 per cent during the April-November period of 2019-20
At a video conference with chief ministers and representatives of these 10 states, including Bihar, Uttar Pradesh, Punjab, Andhra Pradesh, Maharashtra and Tamil Nadu, Modi said the recovery rate has gone up which, he added, meant that government efforts have proved to be effective.
Of the seven surveys presented under Modi govt, predictions of three were quite close to the actual GDP growth rate, one saw the base year change in between, but the last three were way off the mark.
The petition has referred to the Centre's PM Kisan Samman Nidhi Scheme and other programmes announced by some state governments such as Andhra Pradesh, West Bengal, Telangana, Odisha and Jharkhand which, it claimed, helped the parties in power at the Centre and states get political advantage in the recently concluded general elections.
The income tax department estimates total collection to be between Rs 10.5 trillion and Rs 10.7 trillion against the revised target of Rs 11.7 trillion.
If anybody targets doctors, nurses and all those rendering their service during this crisis, then it will cost them dearly, Modi said, adding people in white like doctors and nurses are like gods.
'This is not without risk because extraordinary steps taken in exceptional times have the habit of becoming habits until the next crisis intervenes,' warns T N Ninan.
For 2019-20, the government proposes to collect Rs 6.10 lakh crore from CGST and Rs 1.01 lakh crore as compensation cess.
EY said out of the nearly Rs 21 lakh crore package, Rs 8.01 lakh crore is on account of liquidity enhancing measures taken by the RBI since February.
Noting there have been instances of "excess" by police and paramilitary personnel against the migrant workers, the court also asked authorities to consider "withdrawal" of criminal cases against some of them for violating social distancing norms.
We may be witnessing a slow erosion of the democratic republic and the emergence of the police State, warns Sunanda K Datta-Ray.
Thackeray said he was in constant touch with the Centre over the issue of running more trains to ferry migrant labourers, stranded due to the coronavirus-enforced lockdown, to their native places.
Why has Mumbai's cyber police taken no action against these WhatsApp groups who everyday, commit offences under the Indian Penal Code? The police cannot be unaware of their existence, observes Shruthi Marathe.
In a landmark judgement, the Supreme Court on Tuesday recognised transgenders or eunuchs as third category of gender and directed Centre and states to grant them all facilities including voters ID, passport and driving licence.
Market leaders saw good traction for new cars, including the electric ones.
'...are the deep ruts and fissures in the rotting fabric of our cities and the incompetence of elected leaders and administrators,' notes Sunil Sethi.
The GST Council, headed by Finance Minister Nirmala Sitharaman and comprising representatives of all states and Union territories, will have its 37th meeting in Goa against the backdrop of economic growth hitting a six-year low of 5 per cent in the first quarter of the current fiscal.
The next meeting of the GST Council will be held on September 28-29 in Goa.
The fiscal deficit, as per the survey, deteriorated to 5.8 per cent of the GDP as compared to 3.4 per cent for 2018-19 estimated in the interim Budget.
Grains, non-mineral water might be on the list; biscuits, butter and cheese might attract GST
Asked during a press briefing if special trains and private vehicles will also be allowed to transport these people as demanded by some states and others, Joint Secretary in the Union home ministry Punya Salila Srivastava said the orders issued at present were for 'using buses and for group of persons'.
In the World Bank's latest 'Doing Business' 2017 report, India's place remained unchanged from last year's original ranking of 130 among the 190 economies that were assessed on various parameters. But last year's ranking has been revised to 131 from which the country has improved its place by one spot.
It also said that Goswami can later file anticipatory bail plea in connection with the FIRs after three weeks.
Central Board of Indirect Taxes and Customs said despite the electronic way or E-way bill mechanism there has been rampant evasion and there is a need to increase compliance.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances