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BJP Vs Congress In Delhi, Karnataka As Centre-States Fund Row Heats Up
The BJP and the Congress went head-to-head Wednesday morning over allegations the centre is withholding funds - specifically devolution of tax revenue - to the Karnataka government.
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28% GST Already Applied On Online Gaming, Casinos, Not Retrospective: Centre
As states like Delhi and Goa raised the issue of tax demand on online gaming companies and casinos retrospectively, Revenue Secretary Sanjay Malhotra on Saturday reiterated that 28 per cent GST was levied on online gaming and casinos even before.
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Centre Releases Rs 7,183 Crore As Revenue Deficit Grant To 14 States
The central government on Tuesday released Rs 7,183.42 crore as revenue deficit grant to 14 states including Andhra Pradesh, Kerala, Assam, Rajasthan and West Bengal.
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MediaTek Plans to Open New Design Centre in the US With $1.4 Million Aid From the State
MediaTek, the world's fourth largest chip designer by revenue, plans to create a new design centre in US' Indiana in partnership with Purdue University. While there is no clarity on how much the company would invest in its first Midwestern design hub, MediaTek said it will receive $1.4 million from the state for the centre.
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Indian Data Centres Expansion Expected to Add Up to 1.2 Lakh Crore Investment Over Next Five Years: Report
Indian data centres are expected to get investments up to 1.2 lakh crore by both foreign and local firms over the period of next five years, stated ICRA. The Indian data centres market is witnessing a healthy growth. With increase in revenues and better absorption of fixed costs, operating margins for the data centre companies are likely to improve...
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Bengal Facing Rs 1,141 Crore Loss Due To Fuel Price Cut: Mamata Banerjee
Claiming that West Bengal is staring at a total revenue loss of Rs 1,141 crore due to reduction of duties on petrol and diesel, Mamata Banerjee on Monday attacked the Centre for allegedly favouring BJP-ruled states in giving them their dues.
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"I Stand Corrected": Congress's P Chidambaram On Fuel Price Cut
Fuel Prices Cut: Senior Congress leader P Chidambaram today said whether the states can afford to give up revenue from VAT on petrol and diesel unless the Centre devolves more funds or gives them more grants.
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"Can WhatsApp Details": Jharkhand Chief Minister vs Centre On Coal Dues
Jharkhand Chief Minister Hemant Soren on Saturday said he has written to the government of India for repayment of over Rs 1,30,000 crore of state government's dues pertaining to coal, revenue resources of mining areas etc.
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GST Council Proposes An End To 5% Rate And Move It To 3% And 8% Tax Slab: Report
With most states on board to raise revenue so that they do not have to depend on Centre for compensation, the GST Council at its meeting next month is likely to consider a proposal to do away with the 5 per cent slab by moving some goods of mass consumption to 3 per cent and the remaining to 8 per cent categories, sources said.
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Karnataka Seeks Centre's Go-Ahead To Administer Booster Dose: Minister
In view of rising COVID-19 cases, the Karnataka government requested the Centre to allow the state to administer the booster dose of vaccine to prevent the third wave, informed state Revenue Minister R Ashok on Saturday.
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Karnataka Demands Extension Of GST Compensation To States Beyond 2022
Amid fall in state revenue and GST collection in view of COVID-19 crisis, Karnataka Chief Minister Basavaraj S Bommai on Thursday demanded the Centre to extend the GST compensation period to states beyond 2022, for three more years.
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Centre Gives Revenue Deficit Grant To 17 States
The 15th Finance Commission had recommended a total revenue deficit grant of Rs 1,18,452 crore to 17 states in 2021-22.
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GST Collections Hit Record High Of Rs 1.24 Lakh Crore In March
The total revenue of Centre and the States after regular and ad-hoc settlements in the month of March 2021 is Rs 58,852 crore for CGST and Rs 60,559 crore for the SGST.
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Centre Should Cut Its Tax On Fuel: Tamil Nadu Deputy Chief Minister
The centre should come forward to reduce its tax on petroleum products since the resources for state's own tax revenue is meagre, Tamil Nadu Deputy Chief Minister O Panneerselvam told the Assembly on Saturday.
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GST Council Should Consider Rationalisation, Bring Petrol Under GST: Finance Minister
"The Centre and states both generate revenue from petrol. We can think about bringing petroleum under the GST. Maybe it is a solution,'' said Finance Minister Nirmala Sitharaman
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BJP Vs Congress In Delhi, Karnataka As Centre-States Fund Row Heats Up
The BJP and the Congress went head-to-head Wednesday morning over allegations the centre is withholding funds - specifically devolution of tax revenue - to the Karnataka government.
-
28% GST Already Applied On Online Gaming, Casinos, Not Retrospective: Centre
As states like Delhi and Goa raised the issue of tax demand on online gaming companies and casinos retrospectively, Revenue Secretary Sanjay Malhotra on Saturday reiterated that 28 per cent GST was levied on online gaming and casinos even before.
-
Centre Releases Rs 7,183 Crore As Revenue Deficit Grant To 14 States
The central government on Tuesday released Rs 7,183.42 crore as revenue deficit grant to 14 states including Andhra Pradesh, Kerala, Assam, Rajasthan and West Bengal.
-
MediaTek Plans to Open New Design Centre in the US With $1.4 Million Aid From the State
MediaTek, the world's fourth largest chip designer by revenue, plans to create a new design centre in US' Indiana in partnership with Purdue University. While there is no clarity on how much the company would invest in its first Midwestern design hub, MediaTek said it will receive $1.4 million from the state for the centre.
-
Indian Data Centres Expansion Expected to Add Up to 1.2 Lakh Crore Investment Over Next Five Years: Report
Indian data centres are expected to get investments up to 1.2 lakh crore by both foreign and local firms over the period of next five years, stated ICRA. The Indian data centres market is witnessing a healthy growth. With increase in revenues and better absorption of fixed costs, operating margins for the data centre companies are likely to improve...
-
Bengal Facing Rs 1,141 Crore Loss Due To Fuel Price Cut: Mamata Banerjee
Claiming that West Bengal is staring at a total revenue loss of Rs 1,141 crore due to reduction of duties on petrol and diesel, Mamata Banerjee on Monday attacked the Centre for allegedly favouring BJP-ruled states in giving them their dues.
-
"I Stand Corrected": Congress's P Chidambaram On Fuel Price Cut
Fuel Prices Cut: Senior Congress leader P Chidambaram today said whether the states can afford to give up revenue from VAT on petrol and diesel unless the Centre devolves more funds or gives them more grants.
-
"Can WhatsApp Details": Jharkhand Chief Minister vs Centre On Coal Dues
Jharkhand Chief Minister Hemant Soren on Saturday said he has written to the government of India for repayment of over Rs 1,30,000 crore of state government's dues pertaining to coal, revenue resources of mining areas etc.
-
GST Council Proposes An End To 5% Rate And Move It To 3% And 8% Tax Slab: Report
With most states on board to raise revenue so that they do not have to depend on Centre for compensation, the GST Council at its meeting next month is likely to consider a proposal to do away with the 5 per cent slab by moving some goods of mass consumption to 3 per cent and the remaining to 8 per cent categories, sources said.
-
Karnataka Seeks Centre's Go-Ahead To Administer Booster Dose: Minister
In view of rising COVID-19 cases, the Karnataka government requested the Centre to allow the state to administer the booster dose of vaccine to prevent the third wave, informed state Revenue Minister R Ashok on Saturday.
-
Karnataka Demands Extension Of GST Compensation To States Beyond 2022
Amid fall in state revenue and GST collection in view of COVID-19 crisis, Karnataka Chief Minister Basavaraj S Bommai on Thursday demanded the Centre to extend the GST compensation period to states beyond 2022, for three more years.
-
Centre Gives Revenue Deficit Grant To 17 States
The 15th Finance Commission had recommended a total revenue deficit grant of Rs 1,18,452 crore to 17 states in 2021-22.
-
GST Collections Hit Record High Of Rs 1.24 Lakh Crore In March
The total revenue of Centre and the States after regular and ad-hoc settlements in the month of March 2021 is Rs 58,852 crore for CGST and Rs 60,559 crore for the SGST.
-
Centre Should Cut Its Tax On Fuel: Tamil Nadu Deputy Chief Minister
The centre should come forward to reduce its tax on petroleum products since the resources for state's own tax revenue is meagre, Tamil Nadu Deputy Chief Minister O Panneerselvam told the Assembly on Saturday.
-
GST Council Should Consider Rationalisation, Bring Petrol Under GST: Finance Minister
"The Centre and states both generate revenue from petrol. We can think about bringing petroleum under the GST. Maybe it is a solution,'' said Finance Minister Nirmala Sitharaman
