Union Finance Minister Nirmala Sitharaman emphasized Centre's support to states through timely tax devolution, Finance Commission grants, and GST Compensation arrears to stimulate growth.
Union Finance Minister Nirmala Sitharaman underlined Centre's support to states via timely tax devolution and GST compensation arrears to stimulate growth. At the pre-budget meeting with state finance ministers, Sitharaman nudged states to take advantage of the scheme under which the Centre provides a 50-year interest-free loan to states for undertaking specified reforms. The Finance Minister underlined the Union Government's support to states through timely tax devolution, Finance Commission grants, and arrears of GST Compensation, aimed at providing stimulus to growth.
June 22, 2024
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