Nifty99000 100%

Sensex99000 100%

Article rating: No rating
Article rating: No rating
Article rating: 5.0
Article rating: 3.0
Article rating: No rating
Article rating: 4.0
Article rating: No rating
Article rating: No rating
Article rating: 2.0
Article rating: 4.0
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
RSS

News

Finance Commission urged to clear air on GST compensation to states

Author: IANS/Thursday, March 15, 2018/Categories: Government

Finance Commission urged to clear air on GST compensation to states

New Delhi - The 15th Finance Commission, in its first interaction with the parliamentarians, was asked to come up with a roadmap for compensation of losses to states due to implementation of the Goods and Services Tax (GST).

The parliamentarians also asked the panel to review the status of implementation of the recommendations of the 14th Finance Commission and have a relook at the processes and methods to consider the backwardness of a state.

"Parliamentarians appreciated the inclusion of Sustainable Development Goals (SDGs), disaster management, climate change, progress made in sanitation, solid waste management and bringing in behavioural change to end open defecation among others," an official statement said.

The meeting assumes significance as the 15th Finance Commission has to work in a different economic scenario since the Planning Commission has been scrapped and the distinction between plan and non-plan grants has also been done away with.

The panel will start consultations with states from April kicking off its state level visits with Arunachal Pradesh.

It plans to finish the state-level visits by the end of the fiscal year. 

"Since some states will be having assembly elections, visits will be arranged according to that. 

"During state visits, the Commission, apart from meeting state leadership and government officials, will also meet various political parties, local bodies and other bodies," the statement said.

Print Rate this article:
No rating

Number of views (100)/Comments (0)

rajyashree guha

IANS

Other posts by IANS
Contact author

Leave a comment

Name:
Email:
Comment:
Add comment

Name:
Email:
Subject:
Message:
x

Videos

Ask the Finapolis.

I'm not a robot
 
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
 
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest
 
 

Categories

Disclaimer

The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free