Refusal of GST compensation to states is betrayal on part of Centre: Sonia

News Network
August 26, 2020

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New Delhi, Aug 26: Congress interim President Sonia Gandhi on Wednesday hit out at the Centre and said that refusal to pay Goods and Services Tax (GST) compensation to States is nothing short of betrayal on the part of the Narendra Modi government.

Her remarks came during a meeting, held via video conferencing, with Chief Ministers of Congress-ruled states and their counterparts of West Bengal, Maharashtra and Jharkhand on the issues related to GST dues of states, Joint Entrance Examination (JEE) (Main) and the National Eligibility cum Entrance Test (NEET) (UG) exams.

"There are a number of issues related to Centre-State relations and since Parliament is expected to meet in less than 3 weeks. I thought we should have an interaction so that we can have a coordinated approach. GST compensation seems to be a big issue. GST compensation being paid to States on time according to laws passed by Parliament is crucial. But it is not happening. Dues have accumulated and finances of all the States are badly affected," she said.

"In the meeting of the Standing Committee of Finance on August 11, 2020, the Finance Secretary clearly stated that the Central government is not in a position to pay their mandatory compensation of 14 per cent for the current year. This refusal to compensate the State is nothing short of betrayal on the part of the Narendra Modi government, betrayal of State governments and people of India," she said.

Stating that GST was enacted as an example of cooperative federalism, the Congress interim chief said that the GST regime came into existence because States agreed to forgo their constitutional powers of taxation in the larger national interest on the sole promise of compulsory GST compensation for a period of five years.

She alleged that the Central government continues to profiteer from unilateral cesses which are not shared with the States.

She said that ordinances have been issued without consulting the States on agricultural marketing and called Environment Impact Assessment (EIA) notification, 2020 as "anti-democratic".

"There has been a national outcry against draft EIA notification 2020 which is deeply anti-democratic," Gandhi said.

She said that public sector assets created over decades are being sold out and 6 airports have been given into private hands and Railway is also being privatised.

Gandhi termed the New Education Policy as a set back for progressive, secular and scientific values.

"Announcements such as those related to the National Education Policy should really worry us as it is actually a setback. Other problems of students and exams are also being dealt with uncaringly," she said.

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News Network
November 26,2024

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The extremist Israeli finance minister has called for the occupation of the Gaza Strip and halving the population of the Palestinian territory that is reeling from almost 14 months of genocide.  

Bezalel Smotrich, who has a history of racist statements against Palestinians, made the controversial remarks during a conference of the Yesha Council settler group on Monday.

“We can occupy Gaza and thin the population by half within two years,” through encouraging the so-called “voluntary emigration," he said.

The racist minister also urged the Tel Aviv regime to use its favorable ties with the incoming administration of US President-elect Donald Trump to implement the plan.

“Occupying Gaza is not a dirty word,” he further claimed.

Once the success of the “voluntary emigration" is proven in the besieged Gaza Strip, it can be replicated in the occupied West Bank, he added.

Last month, Smotrich urged the full annexation of the West Bank and Gaza, asserting that Israel should unequivocally declare there would be no Palestinian state.

Israel launched its brutal Gaza onslaught on October 7, 2023, after the Palestinian Hamas resistance group carried out a historic operation against the usurping entity in retaliation for its intensified atrocities against the Palestinian people.

However, nearly 14 months into the offensive, the Tel Aviv regime has failed to achieve its declared objectives of finding captives held in Gaza and eliminating Hamas.

So far, the occupying regime has killed at least 44,235 Palestinians, mostly women and children, and injured 104,638 others, in Gaza. 

It has been committing the war crimes of starvation and of intentionally directing attacks against the civilian population in the besieged territory.

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News Network
November 15,2024

Udupi: The Tourism Department is planning a major eco-friendly development initiative for Kamini Island, located near the Blue Flag-certified Padubidri End Point beach, aiming to attract more visitors while maintaining environmental sustainability.

Assistant Director Kumar CU emphasized that, given the island’s proximity to the Blue Flag beach, all development efforts will center around eco-friendly practices. “We are looking to enhance the Kamini River and the island’s surroundings by adding a hanging bridge, nature trails, and eco-friendly food courts offering traditional cuisine. Visitors will also be able to reach the island by pedal boats or kayaking,” he said.

The development project is estimated to cost between Rs 3 crore and Rs 4 crore. Meanwhile, the Blue Flag beach, Padubidri, continues to see a steady flow of visitors. Vijay Shetty, manager of the beach, shared that tenders for food courts and water sports have been awarded to private parties. Recently, three new coracles have been introduced, which are proving to be a hit with visitors. Additionally, three more shelters are expected to be ready by November 20.

Shetty mentioned that the beach can now accommodate between 2,500 and 3,000 visitors daily, although footfall remains lower than other district beaches due to user fees and activity restrictions. “Initially, most visitors were from Mangaluru, but now nearly 40% come from other districts, showing a shift in the visitor demographics,” Shetty noted.

To further boost tourism and promote a healthy lifestyle, a Beach Carnival is set to take place on November 23-24, featuring the National Sea Swimming Championship and a sea marathon in collaboration with the Padubidri JCI, which is celebrating its golden jubilee. Cultural events will be held at the main beach, with some sports events taking place at the Blue Flag beach. Emphasis will be placed on making all activities environmentally friendly.

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News Network
November 21,2024

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Shares of Adani Group companies lost about $28 billion in market value in morning trade on Thursday after US prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme.

Gautam Adani's flagship company Adani Enterprises tumbled 23 per cent, while Adani Ports, Adani Total Gas, Adani Green, Adani Power, Adani Wilmar and Adani Energy Solutions, ACC , Ambuja Cements and NDTV fell between 20 per cent and 90 per cent.

Adani group's 10 listed stocks had a total market capitalisation of about $141 billion at 0534 GMT, compared to $169.08 billion on Tuesday.

US authorities said Adani and seven other defendants, including his nephew Sagar Adani, agreed to pay about $265 million in bribes to Indian government officials to obtain contracts expected to yield $2 billion of profit over 20 years, and develop India's largest solar power plant project.

Adani Green in a statement on Thursday said the US Justice Department had issued a criminal indictment against board members Gautam Adani and Sagar Adani and the Securities and Exchange Commission had issued a civil complaint against them.

The US Justice Department also included Adani Green board member Vneet Jaain in the criminal indictment, it said.

Adani Green's units had decided not to proceed with the proposed US dollar denominated bond offerings due to developments, it added.

"Investors will shy away from Adani Group stocks ... and that's what this sharp selling is signifying," said Saurabh Jain, assistant vice president of retail equities research at SMC Global Securities.

"This could hurt the credibility of the group and maybe borrowing costs will rise," he said.

The indictment comes nearly two years after US shortseller Hindenburg Research alleged that Adani had improperly used tax havens and was involved in stock manipulation, allegations the conglomerate denied.

Also in early Asian trading on Thursday, Adani dollar bonds slumped, with prices down 3c-5c on bonds for Adani Ports and Special Economic Zone. The falls were the largest since the Adani Group came under a short-seller attack in February 2023.

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