Union Government had shocked the states saying that it can not reimburse the GST losses to the States as agreed earlier citing the Coronavirus effect as an Act of God. The Center instead asked the States to take loans from RBI to cover the Revenue Shortfalls.
Even the NDA Ruled states are not happy about this proposal. Telangana Finance Minister Harish Rao announced that this proposal is not at all agreeable. He went on to say that his Government may knock the door of the court if necessary on this issue.
And on the other side, YS Jagan Mohan Reddy led Andhra Pradesh Government is the only non-NDA Government which is totally tight-lipped about this injustice. “This Government has totally submitted to Modi and Shah fearing a movement in Jagan’s cases but the consequences of this silence may be really bad,” Analysts say.
“There is no revenue Generation in this Government. The Government Revenues are already hit due to the Corona. There is no going back on the welfare schemes. Losing out Central Funds means more loans and a bigger financial crisis. The sooner they realize, the better for the state,” they warn.
Hiring Content Writer: We are looking to hire a ‘Telugu’ content writer. Send your sample articles to [email protected]Don't MissInside Story: Who Prepared Pawan Kalyan's Speech?We media usually address Pawan Kalyan as Powerstar while writing film news and as Janasena...Don't MissVenkatesh And Rana Together For Netflix Web SeriesThe dream of Daggubati fans has finally come true as Rana and Venkatesh Daggubati are...Don't MissLove Story All set For Record-Breaking Openings!Love Story starring Naga Chaitanya and Sai Pallavi is undoubtedly the biggest Telugu release post...Don't MissList Of New Titles Premiering On OTT This WeekHere is the list of new titles premiering on top OTT platforms like Netflix, Amazon...Don't MissThree Different Targets For Love Story TrioNaga Chaitanya and Sai Pallavi starrer Love Story is all set to hit the silver...