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Friday
March 2024
2:46 PM IST
News Headlines
Quo Vadis, Manipur?
'Ponniyin Selvan II' breaches Rs 300 crore mark at global box office
64 arrested in London on Charles III coronation day
KL Rahul out, Ishan Kishan in for WTC final
27-year-old Hyderabad woman among victims of Texas mall shooting
EC asks Kharge to clarify on Sonia's "Karnataka sovereignty" remark
Selena Gomez sets record straight on her relationship status amid dating rumours
SC refuses to entertain plea challenging caste-based census in Bihar
Bangladesh police arrest six persons for selling fraud US visa stamps
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One held in Swati Maliwal case: Delhi Police
Congress takes dig at Modi over unemployment
Equalize
Mumbai City FC win 4-0 as Bengaluru FC’s misery deepens
Australia thrash undermanned England in first ODI
AIBEA decides to go ahead with Nov 19 bank strike, discussions with IBA & Managements fail
Erdogan announces extension of grain deal by 120 days
Musk hints at new chief for Twitter
PM to deliver opening address at 'No Money for Terror' event
Transparency, accountability are essence of governance in parliamentary democracy: Birla
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Kerala News
Centre releases Rs 75,000 crore to states as GST compensation
New Delhi: The government on Thursday said it has released Rs 75,000 crore to the states and Union Territories to compensate them for the shortfall in GST revenue.
The GST Council in its meeting on May 28 had decided that the central government would borrow Rs 1.59 lakh crore and release it to the states and UTs with the legislature on a back-to-back basis to meet the resource gap due to the short release of compensation on account of inadequate amount in the compensation fund.
'Ministry of Finance has released today Rs 75,000 crore to the States and UTs with Legislature under the back-to-back loan facility in lieu of GST Compensation. This release is in addition to normal GST compensation being released every 2 months out of actual cess collection,' the ministry said in a statement.
It further said that all eligible states and UTs (with the legislature) have agreed to the arrangements for the funding of the compensation shortfall under the back-to-back loan facility.
'For effective response and management of COVID-19 pandemic and a step-up in capital expenditure, all States and UTs have a very important role to play. For assisting the States/UTs in their endeavour, Ministry of Finance has front-loaded the release of assistance under the back-to-back loan facility during FY 2021-22 Rs 75,000 crore (almost 50 per cent of the total shortfall for the entire year) released today in a single instalment,' the ministry added. The balance amount will be released in the second half of 2021-22 in steady instalments.
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ENTERTAINMENT NEWS
'Ponniyin Selvan II' breaches Rs 300 crore mark at global box office
Chennai: Director Mani Ratnam's magnum opus "Ponniyin Selvan II" has raised over Rs 300 crore at the
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INTERNATIONAL NEWS
64 arrested in London on Charles III coronation day
London: At least 64 people were arrested in UK's capital during the coronation of Charles III on May
Bangladesh police arrest six persons for selling fraud US visa stamps
Erdogan announces extension of grain deal by 120 days
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NATIONAL NEWS
Quo Vadis, Manipur?
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27-year-old Hyderabad woman among victims of Texas mall shooting
One held in Swati Maliwal case: Delhi Police
PM to deliver opening address at 'No Money for Terror' event
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