“I like this condescension,” said Nirmala Sitharaman in an apparent attack on the Opposition (Archive) New Delhi: Confronting critics, Nirmala Sitharaman said on Friday that a “simple finance minister says Act of God is taken with sarcasm,” while the Latin word “force majeure” is well accepted. Speaking on Lok Sabha, …
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Andhra Pradesh Chief Minister Jaganmohan Reddy has said that borrowing is the only way to overcome the crisis facing states amid the Center’s inability to repay the Rs 2.35 lakh crore shortfall in their participation in income from the goods and services tax (GST) this financial year. “The only way …
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The uncontrolled spread of the coronavirus pandemic across the country has put India’s economy, society and politics under unprecedented strain. A glimpse of the scale of the economic destruction caused was revealed at the 41st meeting of the GST (Goods and Services Tax) Council, where the deficit in compensation payment …
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Congressional Senior Leader P Chidambaram wears a mask in Parliament during the Budget Session, March 19, 2020. (PTI Photo / Vijay Verma) If the pandemic is an ‘act of God’, how do we describe the mismanagement of the economy during 2017-18, 2018-19 and 2019-20, asked former Finance Minister P Chidambaram. …
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GST: States have been asking the center to pay their taxes on goods and services New Delhi: In a letter to states, the center promised it would eliminate its GST quotas despite the massive shortfall in GST tax collections amid the coronavirus pandemic, a situation that has been described as …
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