With the GST reforms now in place, the biggest demand from states is how they will be compensated for the revenue loss incurred, said Harpal Singh Cheema, Punjab's finance minister, at the NDTV Profit GST Conclave on Tuesday. The compensation cess was levied to compensate states for the loss that states would incur in 2017 for a period of five years. Post that, states are seeing continuous loss, Cheema said, adding that states' losses despite full compliance are an indication that there are still faults in the system. With states too running multiple welfare schemes, the Centre will have to guide states till their economy stabilises, he said at the conclave, adding that states too wanted rate reductions but state economies need to be kept in mind
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"I think we have been very transparent with what data sources we are using and those data sources are available for anyone to cross-check in case they have any doubts on that data," he said in an exclusive interview with Gaurie Dwivedi.
From cricket heritage to modern amenities, Roshanara Club is welcoming new members through a limited DDA membership scheme
If you hold a Basic Savings Bank Deposit (BSBD) account, you still get four free withdrawals every month. Nothing changes there.
Tax Benefits For Influencers: When content creation becomes a major income source, the earnings are treated as profits and gains.
A viral Instagram video offers a glimpse inside an ultra-luxurious royal villa in Guwahati, which reportedly costs Rs 2.5 lakh plus GST per night.
National CA Day: भारत की आर्थिक तरक्की के मौन शिल्पकार हैं सीए
Thursday July 02, 2026आज राष्ट्रीय चार्टर्ड अकाउंटेंट दिवस (सीए-डे) मनाया जा रहा है. भारत की विकास यात्रा में चार्टर्ड अकाउंटेंट्स के योगदान को याद कर रहे हैं कृष्ण गोपाल अग्रवाल.
मोदी सरकार के 12 साल: कैसे तय होगा 10 ट्रिलियन डॉलर वाली अर्थव्यवस्था बनने का सफर, अब तक क्या हुआ
Wednesday June 10, 2026नरेंद्र मोदी के 12 साल के कार्यकाल में अर्थव्यवस्था ने तेज छलांग लगाई है, उसके कई क्षेत्रों में उल्लेखनीय सुधार हुआ है. मोदी सरकार को सुधार की दिशा में ऐसे कदम उठाने होंगे, जो भारत को अंतरराष्ट्रीय जगत के लिए तैयार करे.
Opinion | Why States, Not Centre, Should Get All The Credit For GST 'Savings'Derek O’Brien
Wednesday October 22, 2025Amidst all the hoopla, it is the State governments that truly deserve recognition for coming together for the GST revision. Because the States are the ones bearing the brunt of massive revenue losses.
Opinion: GST Cut, Inflation Under Control: Optimism As Festival Season ApproachesBharti Mishra Nath
Friday September 19, 2025Away from politics, floods, rain-related tragedies and the Trump tariffs, there is optimism in the air. With GST rationalized, inflation in control, the upcoming festival season promises good times.
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