Page 4 - States

Govt slams states: No Covid-19 vaccine shortage, only poor planning

Rajesh Bhushan, Union health secretary, said that there were over 20 million doses in the pipeline to be distributed to states

States close FY21 with borrowing 3% less than notified Rs 8.24 tln

This is is Rs 25,393 crore or around 3 per cent less than the indicated debt for the fiscal

States may face Rs 3 trillion GST compensation shortfall in FY22: Report

This will force them to borrow more from the markets, says a report

SC issues notice to all states on raising 50% reservation cap

The court sought responses on whether legislatures were competent to declare a particular caste to be socially and educationally backward for grant of quota

Opted for predictability in deciding tax devolution to states: N K Singh

Rajya Sabha MP Sushil Kumar Modi highlighted that the share of divisible pool is slowly shrinking as the ''cess and surcharge'' component in Gross Tax revenue is increasing

Centre, states should come together to set up manufacturing hubs: Kejriwal

Kejriwal Saturday stressed the need for creating manufacturing hubs across the country

PM Modi pitches for better coordination between centre, states

Modi made a strong case for repealing archaic laws and making it easier to do business in India

No new deaths due to Covid reported in 17 states, UTs in India: Govt

India has vaccinated close to 80 lakh beneficiaries against COVID-19, the ministry said

Over Rs 2.06 trillion GST compensation to states due for April-November

A total of Rs 84,000 crore has been released to the states under the special borrowing window

Republic Day: States, ministries showcase social, economic progress

The tableaux that rolled down on the Rajpath reflected India's cultural diversity and social and economic progress

Budget Byte: Will the states finally get their full share of tax revenue?

The report of 15th Finance Commission, which will be released along with the Budget, will pave way for tax revenue sharing in coming years

Every hydroelectric project must release minimum water downstream: NGT

The National Green Tribunal has directed state pollution control boards to ensure the release of minimum water downstream by hydroelectric projects, saying business or commercial interests cannot override the requirement of maintaining riverine ecology. A bench headed by NGT Chairperson Justice Adarsh Kumar Goel said every hydroelectric project (HEP) irrespective of the date of its commission is under an obligation to release minimum water downstream This is a mandate of Sustainable Development' which is part of the right to life. Accordingly, the tribunal directed compliance by all the Hydro-Electric Projects (HEPs), including in States of Uttarakhand, Sikkim, Arunachal Pradesh, West Bengal (North Region), Assam and Jammu & Kashmir, the bench said. Environmental flow describes the quantity, timing, and quality of water flows required to sustain freshwater and estuarine ecosystems and the human livelihoods and wellbeing that depend on these ecosystems. The tribunal junked the ...

Centre, states must continue counter-cyclical fiscal measures: RBI article

As per the article, the build-up of combined fiscal deficit in H1:2020-21 is sharper, but attributable mostly to the developments in the first quarter

Deadline for states to execute reforms to avail addl borrowing extended

The Finance Ministry has extended the deadline till February 15 for states to implement reforms like one-nation one ration card

Some vaccines may get licensed in the next few weeks: Health secretary

Depending upon availability all three priority groups selected for vaccination could get vaccinated simultaneously

States will need years to recover from 'scissor effect' of Covid: RBI

Phenomenon refers to loss of revenues due to demand slowdown, coupled with higher expenditure associated with pandemic, may push the states to great strife

No fresh lockdown recommended at local level to curb Covid-19: Govt panel

The committee has also claimed that if all protocols are followed, the pandemic can be controlled by early next year with minimal active symptomatic infections by February-end

Yield on 10-yr state govt bonds eases by 26 bps after RBI's intervention

The weighted average cut-off for the 10-year SDLs eased by a sharper 26 bps to 6.63 per cent on October 13, 2020 over the previous weekly auction

21 states opt for Rs 97,000-crore RBI window to meet GST shortfall

This would help the proposal get cleared in the GST Council in case of voting

15th FC panel suggests giving range for fiscal deficits for Centre, states

Singh said the commission did not brush aside the suggestion, however, a final decision on providing a range as fiscal deficit targets is yet to be taken