There is a need to reduce the GST rate on insurance products, especially health and term insurance, which is 18 per cent at present, recommends the Standing Committee on Finance.
Calling Karnataka Chief Minister's accusation of reduced tax devolution share by Centre as "Unfounded," Union Minister Pralhad Joshi said that Siddaramaiah is playing dirty politics, and his remarks hold no solid grounds.
Paytm founder, Vijay Shekhar met with Union Finance Minister Nirmala Sitharaman on Tuesday and discussed the ongoing issue of the company, sources said.
Karnataka Chief Minister Siddaramaiah on Wednesday said that he has written a letter to all the leaders elected from the southern state including Union Ministers Nirmala Sitharaman and Pralhad Joshi to join the 'Chalo Delhi' protest over the tax devolution and grants-in-aid to the state.<
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Karnataka Chief Minister Siddaramaiah gave a 'Chalo Delhi' call to protest against the alleged lack of tax devolution and grants-in-aid to the state by the Centre in the national capital on Wednesday.
"We presented this Budget in a situation when the Union government's attitude affected our finances. There is also a trend of nationawide slowdown for many reasons. In such a situation, we had to improve our economic activity," Balagopal said speaking to ANI.
Karnataka CM who also announced a protest against the BJP-led centre on Wednesday, said that the demonstration is not a political one but an attempt to' safeguard the interest' of the state.
To cover up its mistakes, the Karnataka state government is holding a protest in Delhi against the Central Government which was nothing but a political stunt, former Chief Minister Basavaraj Bommai said on Monday.
Deputy Chief Minister D K Shivakumar on Monday said the Congress party will not be a silent spectator to the injustice being meted out to Karnataka by the BJP government at the Centre.