Search For "revenue shortfall"
Options given for bridging GST revenue shortfall will put onerous burden o
Updated : 5 years, 6 months ago IST
New Delhi [India], September 1 (ANI): Delhi Chief Minister Arvind Kejriwal on Tuesday wrote a letter to Prime Minister Narendra Modi stating that the two options that have been given to states by the Finance Ministry to make up for shortfall in the goods and services tax (GST) compensation c
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Centre gives two options to states on GST compensation
Updated : 5 years, 7 months ago IST
New Delhi [India], Aug 27 (ANI): The Centre on Thursday gave two options for compensating states on the Goods and Services Tax (GST) to bridge revenue shortfall as the economy faces a prospect of contraction in current fiscal year due to COVID-19 crisis.
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Centre gives two options to states for borrowing to meet revenue shortfall
Updated : 5 years, 7 months ago IST
New Delhi [India], Aug 27 (ANI): The Centre on Thursday presented two options to states regarding GST compensation during the GST Council meeting including a special window in consultation with RBI to provide Rs 97,000 crores at a reasonable interest rate and that the entire GST compensat
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Increased government borrowing unlikely to translate into meaningful fisca
Updated : 5 years, 10 months ago IST
New Delhi [India], May 16 (ANI): The government's announcement of enhancing gross borrowings to Rs 12 lakh crore from the budgeted Rs 7.8 lakh crore in FY21 will largely take care of the revenue shortfall, leaving little space for fiscal stimulus, unless the Centre sharply cuts the budgeted
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SBI research unit puts loss of Rs 12.1 lakh crore due to COVID-19 lockdown
Updated : 5 years, 11 months ago IST
Mumbai (Maharashtra) [India], Apr 16 (ANI): With the COVID-19 lockdown being extended till May 3 and simultaneously government providing some relaxations from April 20, a report by State Bank of India's economic research department on Thursday estimated the overall loss for FY21 at Rs 12.
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A-Pac aviation industry in crisis, AAPA calls for immediate government act
Updated : 6 years ago IST
Kuala Lumpur [Malaysia], Mar 19 (ANI): Asian airlines are facing revenue shortfalls of over 60 billion dollars this year as a result of sharp falls in demand which have already forced grounding of over half the fleet, the Association of Asia Pacific Airlines (AAPA) said on Thursday.
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US attacks in Iraq significantly escalate regional geopolitical risk: Mood
Updated : 6 years, 2 months ago IST
New York [USA], Jan 6 (ANI): The recent US drone strikes in Iraq that killed Iranian Maj Gen Qassim Suleimani and Iraqi Popular Mobilisation Forces Deputy Head Abu Mahdi al-Muhandis among other Iranian and Iraqi officials mark a significant escalation of tensions, according to Moody's Inv
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Govt sets up 12-member panel to look into GST revenue shortfall
Updated : 6 years, 5 months ago IST
New Delhi [India], Oct 10 (ANI): The government on Thursday set up a high-level committee of officers to look into Goods and Services Tax (GST) revenue shortfall being faced by states and suggest measures for increasing collections.
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