Center red flags ‘disturbing trend’ in state finances

The Center has red-flagged “disturbing trends” in the finances of several states and cautioned them, citing the economic crisis in Sri Lanka and Pakistan. The alert was raised at a high-level meeting of the Center with all state chief secretaries in Dharamsala on June 16-17. Higher budget borrowings by several states, increased future revenue, loans secured against public properties like hospitals, courts and parks and rising electricity arrears were flagged by the Center in a meeting chaired by Prime Minister Modi, ET reported. has learned. reserve Bank of India The…

High prices, low revenue? , tax policy center

Inflation is being driven down by sales tax revenue. TPC Report That 26 states collected less sales tax revenue in April than the same period last year, while 16 other states reported slower revenue growth than in 2021. Lucy Dadyan warns Regarding the financial future: “If wages aren’t keeping up with inflation, we’ll see people spending less… People are going to be a lot more aware with their money and a lot more on non-essential, discretionary items.” spend less, which means we will see further weakness in state sales tax…

GST dispute: Center working on GST dispute resolution system

The Finance Ministry is working on a comprehensive mechanism that can resolve Goods and Services Tax (GST) disputes raised by states while avoiding distortions in the tax regime. The mechanism can be further discussed with the states GST The council meeting is expected sometime in June. The scheme includes a Disputes Redressal Bench which will be represented by states, the Center and independent law and tax experts who are well-versed in the legal and economic implications. There will be detailed guidelines on what matters can be referred for such process.…

Yellen: Inflation is “unacceptable.” , tax policy center

Treasury Secretary Tells Senate Finance Committee: Inflation is global; Domestic policies can help Americans. Treasury Secretary Gento Yellen accepted Yesterday the US faced “macroeconomic challenges, including unacceptable levels of inflation.” He said the administration would likely increase its inflation forecast and called on Congress to reduce the cost burden facing families. He described the problem as global, exacerbated by Russia’s war in Ukraine. Meanwhile, the World Bank warned the world risk inflation, Is the Global Tax Deal in Trouble? new York Times now volatile reviews The status of the deal…

Amidst the controversy over the remarks against the Prophet, Manish Sisodia targeted the Center, saying – Small countries are also challenging India under BJP rule

AAP leader and Delhi Deputy Chief Minister Manish Sisodia on Monday alleged that the BJP has brought the country to such a state that “even small countries are now challenging the great nation of India”. He claimed that every Indian is hurt by this and “the suffering is endless”. Sisodia’s remarks came after the Organization of Islamic Cooperation (OIC) pulled up India for the remarks of two BJP functionaries against Prophet Mohammad and even urged the United Nations to take necessary measures to ensure the rights of Muslims are protected.…

Fake international call center duping US citizens busted, four arrested

Delhi Police has busted a fake international call center and arrested four members of a gang who allegedly cheated US citizens on the pretext of providing technical assistance Microsoftofficials said on Sunday. The accused have been identified as Shubham (23), Mohit Khanna (50), Bhupinder Singh (32) and Rahul Makhija (22). Police said that 28 telecallers have also been stopped. On May 31, the Cyber ​​Cell police station of the outer district received information about the illegal call center operating in the Rani Bagh area. According to the police, the accused…

Center to monitor output feed of multi-system cable operators

The government on Tuesday said it has decided to monitor the output feed of cable operators in a “non-intrusive” manner by installing a monitoring device at the head-end of multi-system operators (MSOs). In an advisory, the Ministry of Information and Broadcasting said that surveillance equipment will be installed at the head-ends of cable operators as per the provisions of the Cable TV Networks (Regulation) Act. It cautioned that any non-cooperation would be seen as a violation of sub-section 4 of section 10A of the Act and violators may face action.…

Unemployment, Retirement, and Reporting | tax policy center

Tune in this afternoon for TPC Prescription: Talking Unemployment Benefits Reform with Michelle Evermore. The deputy director of policy at the U.S. Department of Labor Office for Unemployment Insurance Modernization will speak with TPC’s Howard Glickman about efforts to streamline and improve unemployment insurance systems. Register and Tune Here, Yellen lowers expectations, Treasury Secretary Janet Yellen warnsGlobally, the economic outlook is challenging and uncertain. And high food and energy prices are having stagflation effects, namely disappointing production and spending and rising inflation around the world. Ahead of meeting with the…