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Mini Tradeoff + Grand Bargain 2.0 May Bridge GST Deficit, Says Ajit Ranade
Economist Ajit Ranade has a face saver-option for the centre and states to end the the GST compensation stalemate.
15 Sep 2020, 08:29 PM IST
Ajit Ranade cites several reasons for why the centre should borrow to compensate states for the shortfall in GST revenue. To begin with, that’s the promise the centre made to states when implementing the goods and services tax in 2017—that it would compensate states’ revenue shortfall for five years, at a 14% increase every year. Also, the centre has many more fundraising options than states, such as dividends from the Reserve Bank o...
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