Sovereign Default: Hemant Soren To PM Modi Over GST Compensation Plan

Jharkhand Chief Minister Hemant Soren wrote to Prime Minister Narendra Modi on the centre not giving full Goods and Services Tax (GST) compensation to the states, saying this "act of sovereign default" runs against the very spirit of the cooperative federalism.

Karnataka Chief Minister BS Yediyurappa "lacks courage" to fight against "the injustice", senior Congress leader Siddaramiah claimed on Thursday, as he hit out at the state government for accepting the Centre's option of borrowing to meet the shortfall in GST revenues.

The Congress on Thursday accused the Modi government of pushing the country towards an economic collapse and a financial emergency, and said noteban, GST and lockdown were "disaster strokes" not "master strokes".

The Congress today accused the Modi government of pushing the country towards an economic collapse and a financial emergency, and said notes ban, GST and lockdown were "disaster strokes" not "master strokes".

As a pilot project for clean mobility EESL had ordered 10 KonaElectric SUVs in the year 2019.

The BJP-ruled Karnataka today said it has decided to opt for the first among the two options offered by the Central government for borrowing to meet the shortfall in GST revenues, under which the state will be eligible for a total compensation of Rs 18,289 crore.

The chief ministers of six non-BJP-ruled states have written to the centre to remind it of its "constitutional" responsibilities in the stand-off over the Rs 2.35 lakh crore shortfall in GST compensation and financial relief (from the pandemic) due to states. Mamata Banerjee (Bengal), Pinarayi Vijayan (Kerala), Arvind Kejriwal (Delhi), Edappadi K Palaniswami (Tamil Na...

Telangana Chief Minister K Chandrasekhar Rao has urged Prime Minister Narendra Modi to drop the proposal asking the states to go for borrowing to meet the shortfall in the GST compensation and said the Centre can itself take up the entire financing.

Delhi Chief Minister Arvind Kejriwal today wrote to Prime Minister Narendra Modi, urging him to consider more legally viable and sustainable options for providing GST dues to states to help them tide over the COVID-19 financial crisis.

Chhattisgarh Chief Minister Bhupesh Baghel on Monday asked the Centre to borrow loan and pay GST compensation due to states.

The Telangana government on Monday asserted the Centre has no option but to pay full GST compensation to states and said the southern state lost about Rs 8,000 crore income during the past four months on account of lockdown to contain coronavirus.

Tamil Nadu Chief Minister Edappadi K Palaniswami has written to Prime Minister Narendra Modi over GST compensation of States, stating that he is "very concerned about two options offered to States after 41st GST Council Meeting".

Kerala Finance Minister Thomas Isaac has accused the central government of "undermining (the) federal structure" of the country and destroying its relationship with states, amid a row between centre and states over GST compensation

Rules by bureaucrats, legalese by lawyers and analysis by economists are cold, futile methods to resolve this crisis when the need of the distressed hour is a warm, empathetic hand of the political leadership.