Insights into Editorial: The financial capacity of States is being weakened

  Introduction: State governments drive a majority of the country’s development programmes. Greater numbers of people depend on these programmes for their livelihood, development, welfare and security. Varied economic growth and income levels across States confirm the primacy of State governments in the economic sphere as well. States need resources to deliver these responsibilities and …

GST Compensation

Topics Covered: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment. GST Compensation: Context: The Goods and Services Tax (GST) Council has failed again to reach an agreement on the contentious issue of borrowings to meet shortfalls in cess collections used to recompense the States for revenue losses from the …