It added that the total amount disbursed as back to back in lieu of GST compensation reached Rs 1.15 lakh crore for the current financial year.
The 45th Goods and Services Tax (GST) Council meeting is set to convene physically after a long time in Lucknow on September 17
West Bengal finance minister Amit Mitra has urged the Centre to borrow from the RBI
"States are opposed to borrowing on their own account. States are right. There is no difference between the first amount and the second amount," Chidambaram said.
Kerala Finance Minister Dr Thomas Isaac tells Outlook that options given by the Centre to the states over the GST compensation issue have no rationale.
On Thursday, during the GST Council meeting, Nirmala Sitharaman had said the economy had been hit by Coronavirus pandemic, which is an 'Act of God', and that it will see a contraction in the current fiscal.
The Centre during the GST Council meeting has asked the States to borrow the entire projected shortfall of Rs 2.35 lakh crore — on account of faltering GST collections — under a special borrowing window facilitated by the RBI.
The GST Council has also waived late fee for delayed filing of annual returns for FY18, FY19 by entities with turnover of less than Rs 2 cr, she said.
Prime Minister Narendra Modi meets Governor of Uttarakhand, Lt General Gurmit Singh (Retd) in New Delhi.PTI Photo
Surya Kiran fighters of Indian Air Force flypast over the city as part of the celebrations of the golden jubilee of victory over Pakistan during Bangladesh war in 1971, in Mumbai.PTI Photo/Shashank Parade
Farmers block railway tracks as part of the Samyukt Kisan Morcha's 'Rail Roko' protest demanding the dismissal and arrest of Union Minister Ajay Mishra in connection with the Oct. 3 violence in Lakhimpur Kheri, in...PTI Photo/Manvender Vashist
Foreign Minister Subrahmanyam Jaishankar, right, and his wife Kyoko Jaishankar sign a guestbook during a visit to the Yad Vashem Holocaust Memorial in Jerusalem.AP Photo/Maya Alleruzzo
Policemen carry an activist of Congress party's youth wing during a protest against recent killings of civilians in Kashmir, in New Delhi.AP Photo/Manish Swarup
The Opposition is hoping for a rich election harvest in Uttar Pradesh but Lucknow appears to be a long way from the killing fields.
The former Delhi Police employee has also emerged as the go-to man for the authorities to reach out to the agitating farmers.
Outwardly peaceful, Kashmir has seen a spate of civilian killings in recent weeks. A silent unease has now exploded into fear and concern after the shooting of minorities.
Virat Kohli will step down as T20 captain of India and RCB but that will not take away the fact that he remains a unique leader
With all foreign soldiers out of Afghanistan, the Taliban is now in a position to do pretty much what it wants.
It can be a crucial stepping stone to develop young minds to appreciate the importance of practising honesty throughout their academic journey and lay the foundations for successful professional careers.
One can be pro-religion, but against coerced religion; one can be pro-vaccines, but against coercion and mandates