• About
  • Advertise
  • Privacy & Policy
  • Contact
Sunday, May 22, 2022
Visit Mawphor
Highland Post
Govt. of Meghalaya
  • Home
  • Meghalaya
    • All
    • East Garo Hills
    • East Jaintia Hills
    • East Khasi Hills
    • Eastern West Khasi Hills
    • North Garo Hills
    • Ri Bhoi
    • South Garo Hills
    • South West Garo Hills
    • South West Khasi Hills
    • Statewide
    • West Garo Hills
    • West Jaintia Hills
    • West Khasi Hills
    Pradhan meet protestors at NEHU, assures to take up issues

    Pradhan meet protestors at NEHU, assures to take up issues

    NEHU confers degrees to over 15K students

    NEHU confers degrees to over 15K students

    Mid-day meal workers to go on hunger strike

    Mid-day meal workers to go on hunger strike

    Panel formed for selection of good Samaritans

    Panel formed for selection of good Samaritans

    Over 400 women join TMC mahila committee in Resubelpara

    Over 400 women join TMC mahila committee in Resubelpara

    Process for finding new State Lokayukta begins

    Lokayukta orders probe into funds misuse under GHADC

    Patnaik inspects Air Force Station in Laitkor

    Patnaik inspects Air Force Station in Laitkor

    NESFAS launches initiative to oust malnutrition in schools

    NESFAS launches initiative to oust malnutrition in schools

    International AIDS candlelight memorial day held in Jowai

    International AIDS candlelight memorial day held in Jowai

    Trending Tags

    • North East
    • National
      HYC urges Govt to reduce VAT on petrol, diesel

      Petrol price cut by Rs 9.5, diesel by Rs 7 after govt slashes excise duty; poor to get Rs 200 LPG subsidy

      Provision of UAPA more dangerous than sedition: Retired SC judge Lokur

      Provision of UAPA more dangerous than sedition: Retired SC judge Lokur

      Meghalaya sees 19 pc growth in GST revenue collection in October

      GST council recommendations not binding on Centre, States: SC

    • Health
    • Editorial
    • Sports
    • Writer’s Column
    • Letters to the Editor
    No Result
    View All Result
    • Home
    • Meghalaya
      • All
      • East Garo Hills
      • East Jaintia Hills
      • East Khasi Hills
      • Eastern West Khasi Hills
      • North Garo Hills
      • Ri Bhoi
      • South Garo Hills
      • South West Garo Hills
      • South West Khasi Hills
      • Statewide
      • West Garo Hills
      • West Jaintia Hills
      • West Khasi Hills
      Pradhan meet protestors at NEHU, assures to take up issues

      Pradhan meet protestors at NEHU, assures to take up issues

      NEHU confers degrees to over 15K students

      NEHU confers degrees to over 15K students

      Mid-day meal workers to go on hunger strike

      Mid-day meal workers to go on hunger strike

      Panel formed for selection of good Samaritans

      Panel formed for selection of good Samaritans

      Over 400 women join TMC mahila committee in Resubelpara

      Over 400 women join TMC mahila committee in Resubelpara

      Process for finding new State Lokayukta begins

      Lokayukta orders probe into funds misuse under GHADC

      Patnaik inspects Air Force Station in Laitkor

      Patnaik inspects Air Force Station in Laitkor

      NESFAS launches initiative to oust malnutrition in schools

      NESFAS launches initiative to oust malnutrition in schools

      International AIDS candlelight memorial day held in Jowai

      International AIDS candlelight memorial day held in Jowai

      Trending Tags

      • North East
      • National
        HYC urges Govt to reduce VAT on petrol, diesel

        Petrol price cut by Rs 9.5, diesel by Rs 7 after govt slashes excise duty; poor to get Rs 200 LPG subsidy

        Provision of UAPA more dangerous than sedition: Retired SC judge Lokur

        Provision of UAPA more dangerous than sedition: Retired SC judge Lokur

        Meghalaya sees 19 pc growth in GST revenue collection in October

        GST council recommendations not binding on Centre, States: SC

      • Health
      • Editorial
      • Sports
      • Writer’s Column
      • Letters to the Editor
      No Result
      View All Result
      Highland Post
      No Result
      View All Result
      Home Meghalaya East Khasi Hills

      M’laya receives first tranche of GST compensation

      HP News Service by HP News Service
      October 26, 2020
      in East Khasi Hills, Meghalaya
      0
      M’laya receives first tranche of GST compensation
      0
      SHARES
      122
      VIEWS

      Meghalaya has received the first tranche of GST compensation shortfall from the Centre.

      Recently, the Finance Ministry has allowed Meghalaya to borrow Rs 194 crore through open market borrowings.

      However, on October 23, the Centre has borrowed and transferred Rs 6,000 crore as the first tranche of GST compensation shortfall to Meghalaya and 15 other states and two union territories.

      ADVERTISEMENT

      According to the Finance Ministry, the central government has borrowed and transferred Rs 6,000 crore as first tranche to 16 states namely Andhra Pradesh, Assam, Bihar, Goa, Gujarat, Haryana, Himachal Pradesh, Karnataka, Madhya Pradesh, Maharashtra, Meghalaya, Odisha, Tamil Nadu, Tripura, Uttar Pradesh, Uttarakhand and two union territories: UT of Delhi and UT of Jammu and Kashmir.

      Last week, the Centre gave in to the demands of opposition-ruled states to borrow and fund the GST compensation shortfall.

      The finance ministry said that the Centre would borrow from the market to pay the GST compensation shortfall of Rs 1.1 lakh crore to states, and then act as an intermediary to arrange back-to-back loans to state governments.

      The ministry said the government of India has evolved a special borrowing window to address the shortfall in the GST collection during the year 2020-2021. Twenty-one states and two union territories opted for this special window involving back-to-back borrowing coordinated by the Ministry of Finance.

      Out of these, five states did not have any shortfall on account of GST compensation.

      The borrowing is at an interest rate of 5.19 per cent and tenor of borrowing is expected to be broadly in the range of 3 to 5 years, the ministry said it intends to release Rs 6,000 crore to the states every week.

      This arrangement, the ministry said, will not reflect in the fiscal deficit of the Centre and will appear as capital receipts for state governments.

      The Centre had in August proposed two options to states: borrow Rs 97,000 crore (on account of GST implementation) from a special window facilitated by the RBI or the complete shortfall of Rs 2.35 lakh crore (including Rs 1.38 lakh crore due to COVID) from the market.

      The options have since been revised to Rs 1.10 lakh crore and Rs 1.8 lakh crore, respectively. (With inputs from news agencies)

      HP News Service

      HP News Service

      An English daily newspaper from Shillong published by Readington Marwein, proprietor of Mawphor Khasi Daily Newspaper, who established the first Khasi daily in 1989.

      Related Posts

      Pradhan meet protestors at NEHU, assures to take up issues
      Meghalaya

      Pradhan meet protestors at NEHU, assures to take up issues

      May 21, 2022
      NEHU confers degrees to over 15K students
      Meghalaya

      NEHU confers degrees to over 15K students

      May 21, 2022
      Mid-day meal workers to go on hunger strike
      Meghalaya

      Mid-day meal workers to go on hunger strike

      May 21, 2022
      Panel formed for selection of good Samaritans
      East Khasi Hills

      Panel formed for selection of good Samaritans

      May 21, 2022
      Over 400 women join TMC mahila committee in Resubelpara
      North Garo Hills

      Over 400 women join TMC mahila committee in Resubelpara

      May 21, 2022
      Process for finding new State Lokayukta begins
      West Garo Hills

      Lokayukta orders probe into funds misuse under GHADC

      May 21, 2022
      Load More
      Next Post
      Musey-Toon

      Musey-Toon

      Leave a Reply Cancel reply

      Your email address will not be published. Required fields are marked *

      We’re on Facebook

      Advertisement

      • Trending
      • Comments
      • Latest
      NEHU co-organises 5-day course on 3D printing

      NEHU reschedules exam after objection from teachers

      May 14, 2022
      M’laya set for six-month long load shedding from March 20

      M’laya set for six-month long load shedding from March 20

      March 17, 2021
      High Court quashes creation of OSD post

      High Court stays all Govt job recruitments in State

      April 5, 2022
      Assistant professor killed in tragic accident

      Assistant professor killed in tragic accident

      October 2, 2021
      Pradhan meet protestors at NEHU, assures to take up issues

      Pradhan meet protestors at NEHU, assures to take up issues

      0

      Two unknown dead bodies recovered

      0

      Weekly market not to reopen in Sutnga Elaka

      0

      Illegal sand, boulder mining along Umiam River banned

      0
      Pradhan meet protestors at NEHU, assures to take up issues

      Pradhan meet protestors at NEHU, assures to take up issues

      May 21, 2022
      HYC urges Govt to reduce VAT on petrol, diesel

      Petrol price cut by Rs 9.5, diesel by Rs 7 after govt slashes excise duty; poor to get Rs 200 LPG subsidy

      May 21, 2022
      NEHU confers degrees to over 15K students

      NEHU confers degrees to over 15K students

      May 21, 2022
      Mid-day meal workers to go on hunger strike

      Mid-day meal workers to go on hunger strike

      May 21, 2022

      Recommended

      Pradhan meet protestors at NEHU, assures to take up issues

      Pradhan meet protestors at NEHU, assures to take up issues

      May 21, 2022
      HYC urges Govt to reduce VAT on petrol, diesel

      Petrol price cut by Rs 9.5, diesel by Rs 7 after govt slashes excise duty; poor to get Rs 200 LPG subsidy

      May 21, 2022
      NEHU confers degrees to over 15K students

      NEHU confers degrees to over 15K students

      May 21, 2022
      Mid-day meal workers to go on hunger strike

      Mid-day meal workers to go on hunger strike

      May 21, 2022

      About Highland Post

      You’re visiting the official website of Highland Post, a leading and most circulated English daily of Meghalaya published by the Mawphor Group. Stay updated with our e-edition for latest updates from Meghalaya, North Eastern India and World as a whole.

      Registered office:
      Mavis Dunn Road, Mawkhar,
      Shillong-793001, Meghalaya
      Phone no: 0364-2545423
      Email: [email protected], [email protected]

      Like Us on Facebook

      Follow Us on Twitter

      Tweets by HP

      © 2021 Highland Post – All Rights Reserved.

      • About
      • Advertise
      • Privacy & Policy
      • Contact
      No Result
      View All Result
      • Home
      • Meghalaya
        • East Garo Hills
        • East Jaintia Hills
        • East Khasi Hills
        • North Garo Hills
        • Ri Bhoi
        • South Garo Hills
        • South West Garo Hills
        • South West Khasi Hills
        • Statewide
        • West Garo Hills
        • West Jaintia Hills
        • West Khasi Hills
      • North East
      • National
      • International
      • Health
      • Editorial
      • Musey Toons
      • Sports
      • Writer’s Column
      • Letters to the Editor

      © 2021 Highland Post - All Rights Reserved.