Hyderabad (Telangana) [India], September 1 (ANI): Telangana Chief Minister K Chandrasekhar Rao (KCR) on Tuesday wrote a letter to Prime Minister Narendra Modi, stating that the decision of asking states to meet the shortfall in GST compensation through borrowings can be reversed.
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.
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
New Delhi [India], Aug 12 (ANI/NewsVoir): A new report from international animal welfare organisation, World Animal Protection exposes dismal conditions of elephants at entertainment venues in India and alarming elephant tourism trends across Asia. These trends are expected to get worse as v
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
New Delhi [India], May 5 (ANI): In an interaction with Congress leader Rahul Gandhi on Tuesday, Nobel Laureate Abhijit Banerjee raised concerns towards a chain of bankruptcies and demand shortfall in dealing with the economic fallout of COVID-19 and said India needs a "stimulus package".
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.
Mohali (Punjab) [India], April 6 (ANI/ PRNewswire): A ventilator is what stands between life and death as it helps the patients breathe by artificially pumping oxygen through their windpipe. According to a WHO report, India has only 48,000 ventilators and as cases tick up in India, ventilato
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.
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
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.