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Latest Articles in states

States' Borrowing Cost Rises 11 Bps To 7.84%

States' borrowing cost went up with the weighted average cut-offs increasing by 11 basis points to 7.84 per cent at Monday's auction, nearly wiping off the decline in the last week's auctions

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Local Levies, Supply Chain Distortion Trigger Varying Inflation Levels Across States

The difference in inflation, according to experts, can be attributed to factors like transport costs, tax policies of state governments, and supply chain efficiency

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States Must Push Farmers To Up Sowing To Boost Exports: Goyal

India has currently banned wheat exports as the country's production and the government's procurement were impacted because of heat wave during March

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Centre Has Not Released Rs 27,000 Cr IGST Dues Of States: Amit Mitra

IGST is one of the three components of the Goods and Services Tax and is levied whenever there is an inter-state transfer and supply of goods or services

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GST Council Recommendations Not Binding On Centre, States: SC

Prime Minister Narendra Modi led the central government and a few importers had been fighting in the SC over the applicability of GST on the transportation of imported goods through the sea route

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States Doling Out Competitive Subsidies On Brink Of Fiscal Collapse: Report

The report mentions that what is worrisome is that most states, which also include Delhi, tend to fund subsidies, which are mostly non-merit ones, by compressing the capex, due to competitive politics

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PM Modi Urges States To Reduce VAT On Fuel

Speaking at an interaction with chief ministers on the emerging COVID-19 situation in the country, Modi said he wanted to flag a separate issue of the challenges being faced by the people due to the global situation

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"Misleading": FinMin On Reports Of States Raising GST Rates On 143 Items

In an official statement, the ministry said that a section of the media has misreported that feedback has been sought from states regarding a suggestion for increasing GST rates on some items

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No States' View Sought On GST Tax Rates Hikes: Report

They said that the panel of ministers looking into GST rate rationalisation is yet to submit its report to the GST Council

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Don't Let Guard Down: Centre To States Amid COVID-19 Surge In Southeast Asia

As part of intensified surveillance, patients being hospitalised with ILI and SARI will again be tested for COVID-19 and positive samples will be sent for genome sequencing

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Govt Approves Rs 1,682.11 Cr Additional Assistance To States For Natural Disasters

The states like Andhra Pradesh, Himachal Pradesh, Karnataka, Maharashtra, Tamil Nadu and Puducherry will get funds for floods and landslides that occurred during 2021

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Recently Released GST Compensation Of Rs 17,000 Cr To States: Govt

The Minister further stated that the economic impact of the pandemic has led to higher compensation requirements due to lower GST collection and at the same time lower collection of GST compensation cess.

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States With More Jan Dhan Accounts Witness Fall In Crime Rate: SBI

According to the estimated outcome, the increase in the quantity/numbers of Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts and balance in these accounts lead to a notable fall in crime

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Health Ministry Sends Central Teams To 9 States, UTs, Amid Dengue Outbreak

The move came amid Haryana, Punjab, Kerala, Rajasthan, Tamil Nadu, Uttar Pradesh, Uttarakhand, Delhi and Jammu and Kashmir recording a considerable number of dengue cases.

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Union Govt Releases Rs 44,000 Cr To States To Compensate GST Shortfall

"It is expected that this release will help the states and union territories in planning their public expenditure among other things, for improving, health infrastructure and taking up infrastructure projects," it added

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