Banks Indian Subcontinent Market

Centre stagger under anxiety over Conversion of GST dues as loans to Union States

In the 41st GST Council meeting last month, the Centre had proposed two options, so that a mechanism could be put in place as an exception this year, as Covid-19 disruptions and lower revenue collections have made it difficult for the Centre to meet its obligation on Goods and Services Tax (GST) compensation to states. Read More…

Business East India Kashmir National North India South India West India

Comfort of doing Business in India : Top 10 states and region-wise position holders in ranking 2019

Andhra Pradesh retained the top spot in the State Business Reform Action Plan 2019 rankings, while Uttar Pradesh and Telangana bagged the second and third positions respectively.   The ranks were announced by the Department of Industrial Promotion and Internal Trade (DPIIT) during a virtual event chaired by Union finance minister Nirmala Sitharaman. Union minister Read More…

Banks Companies Indian Subcontinent Industries Protest

Conversion to loan of GST shortfall dues of states by centre evoked backlash

West Bengal government said on Sunday that it rejects the two borrowing options proposed by the Centre to meet the goods and services tax (GST) shortfall and will engage with other states to take collective steps.   “There will be conversations between states, probably on Monday itself.   We will see what the views are, Read More…