Begin typing your search above and press return to search.
Two mind-sets: one here,  the other there
access_time 2021-01-20T13:57:46+05:30
What is Halal? Market strategies and controversy
access_time 2021-01-19T15:54:19+05:30
Arnabs chats cannot be ignored
access_time 2021-01-18T11:33:12+05:30
Women and girls need to be safe
access_time 2021-01-15T15:08:45+05:30
DEEP READAll arrow_drop_down
Homechevron_rightKeralachevron_rightFinancial crunch due...

Financial crunch due to Centre's failure to release GST dues: Isaac

Financial crunch due to Centres failure to release GST dues: Isaac

Thiruvananthapuram: Kerala Finance minister Thomas Isaac on Tuesday said the state government had failed to receive its share of the Goods and Services Tax (GST) dues of Rs 1600 crore from the Centre due to which it was facing a financial crunch.

Replying to a notice seeking leave for adjournment motion in the state assembly, Isaac said fears expressed by the opposition that the state was undergoing a severe financial crisis was unfounded.

There was a financial crunch this month compared to other months.

More restrictions need to be imposed this month as Kerala failed to receive its GST dues of Rs 1600 crore from the centre, he said.

The Centre has also reduced the credit limit of the state by almost Rs 6000 crore, he said.

The state was heading towards a financial emergency, V D Satheeshan (Congress) said moving the notice.

After speaker disallowed discussion on the motion, Opposition Congress led UDF walked out.

Show Full Article
Web Title - Financial crunch due to Centre's failure to release GST dues: Isaac
Next Story