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Why amicable resolution to GST shortfall is vital for our federal polity

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THE ECONOMIC TIMES
Sun, Sep 06, 2020 | 10:39 AM IST

ET Sunday Wrap

Why amicable resolution to GST shortfall is vital for our federal polity
Parliament passed a law, specifically on the subject of compensating the states for any shortfall in GST collections from a linear projection of 14% annual increase over 2017-22.
How Covid-related restrictions have impacted state-run health schemes for new mothers
Covid-19 has dealt a severe blow to delivery of perinatal care, especially in rural areas, where families rely solely on public health institutions. Apart from restrictions of movement and disruption of supply chain during the lockdown, the pandemic also put most medical and paramedical staff on Covid duty.
Can NTT India handle client needs in a post-Covid world to become a $1 bn company?
In India, NTT India is deeply entrenched in banking operations. It manages the networking needs of 60% of the over-120,000 bank branches in the country. It also has a significant play in managing networks and backend technologies of telcos and BPO units.
Gilt trip: High taxation on gold is meant to curb imports, but all it does is boost smuggling
While the yellow metal is smuggled into the country fairly regularly, the use of diplomatic baggage set off alarm bells in various agencies, including at the National Investigative Agency (NIA), the country's top counterterrorism organisation.
Consumers increasingly move to SmartTVs as new manufacturers undercut regular pricing
Xiaomi is looking well poised to similarly grab marketshare in India's Rs 79,000 crore television market. When Mi TVs (Xiaomi's consumer brand in India) were launched in India in February 2018, smart TVs accounted for 12–15% of the total market. It is now 50%, according to industry estimates.
How the recent decision by GST council has further deepened states' financial woes
For most states, the decision came as a bolt from the blue, throwing into disarray their finances, already severely weakened by the pandemic
Investors turn to online and paper gold as prices surge
Gold was always seen as a safe investment, especially during a crisis. But purchases in the physical form — bars, coins and jewellery — is passé as investors consider the paper or digital form safer and more convenient to store and redeem.
How auction houses and art galleries are trying to beat the Covid blues with a digital push
Art has always grappled with disease and death and pandemic. How contemporary artists portray Covid-19 has yet to be seen, but there is a section of the art world that is already contending with commercial consequences: galleries and auction houses. They are trying to beat the lockdown blues that has enveloped almost every other section of the economy — by going online.
Act of god or man, full compensation must be paid: Thomas Isaac, Kerala Finance Minister
Kerala had factored in a 14% growth in GST revenue in its budget and accepting any cut in that would mean a cut in expenditure, said the minister while replying to a question
Uttar Pradesh will welcome GST council's decision: Yogi Adityanath
​​The UP government has also put on hold for one year six allowances payable to officers and employees in the current financial year, said the CM while replying to a question
Punjab CM Amarinder Singh questions centre's recent GST move
The Centre's total lack of support is not helping matters, of course. Not only have they not extended any significant Covid relief aid, but they have also held back our GST compensation., said Punjab CM while replying to a question
Samsung Frame TV 2020 review: Offers good-quality picture and audio, value for money
The latest edition of Frame TV offers improved specifications in terms of picture.
Nokia 5.3 review: Subtle design with a nice blend of software & hardware
The blend of software and hardware makes it one of the best phones in the price segment.
Dell Mobile Adapter Speakerphone review: Compact accessory with multiple connectivity options
It is cute and might even be handy but the price makes it jarring.
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