Jharkhand news: state asked for 3300 crores for loss due to GST, Center gave 318 crores
The Center has allocated Rs 318 crore to Jharkhand as a GST compensation. However, the Jharkhand government had asked for Rs 3300 crores to catch up on the loss from GST.
Till now GST has received revenue of Rs. 20,000 crores across the country, out of which only 318 crores are approved as a part of Jharkhand. within the present circumstances, the middle has refused to offer quite this amount. The middle has asked the government to assist in getting the quantity within the sort of loan from the Federal Reserve Bank if needed.
Center gave choice to take a loan from RBI
The Jharkhand government had demanded Rs 3300 crore from the central government to implement GST and catch up on the losses caused by Kovid-19.
But the Indian government has expressed inability to offer such amount and has said that it’s impossible to catch up on the loss in GST.
The Center has given the state the choice of taking a loan from the Federal Reserve Bank of India to form up for the loss. For this, it’s said to offer relaxation in rules. At an equivalent time, the govt of India has refused to assist repay the loan interest.
The state isn’t in a position to pay interest by taking loans
The government has refused to simply accept the choice of the middle. The state says that thanks to GST and Kovid-19, there has been an enormous loss of revenue. The state isn’t in a position to repay its interest by taking loans.
Help the government by taking a loan from the Central Federal Reserve Bank. A subsequent meeting of the GST Council has been called on 12 October. Then meeting, this issue is going to be considered further.