Why is the Modi government fighting states over GST revenue? | NL Cheatsheet скачать в хорошем качестве

Why is the Modi government fighting states over GST revenue? | NL Cheatsheet

The #coronavirus pandemic and the nationwide lockdown imposed in March to contain it have caused severe economic pain in India. #GDP growth has plummeted, unemployment has soared, and businesses have been crippled. One aspect of the economic crisis has stayed under the radar, however: the losses suffered by central and state governments from the drop in #GST revenues. States, especially those governed by opposition parties, have been desperately asking for the money owed to them under the GST revenue sharing arrangement to deal with the pandemic and its economic impact, but the Narendra Modi government has been dragging its feet. So, what are the states to do? Why has the Modi government tightened the purse strings? What could be the consequences of this crisis? Meghnad S untangles the complex web. Sign up for our all-new media newsletter: https://bit.ly/StopPressNewsletter Support independent media and subscribe to Newslaundry: http://bit.ly/paytokeepnewsfree To watch this and many more videos, click on http://www.newslaundry.com/ Follow and engage with us on social media: Facebook:   / newslaundry   Twitter:   / newslaundry   Instagram:   / newslaundry