Entire shortfall of compensation to states will be compensated: Sources
4 years, 3 months ago

Entire shortfall of compensation to states will be compensated: Sources

India TV News  

Days after government announced two options for States on the issue of meeting GST compensation, Finance Ministry sources on Monday said the entire shortfall of compensation to the states irrespective of whether it is on account of GST implementation or coronavirus pandemic will be compensated. Sources also said, the revenue accruing from GST compensation cess goes to the states and the Centre cannot borrow on the security of the tax which it does not own. Centre's 2 options on meeting compensation gap The Centre late last month gave two options to the states to borrow either Rs 97,000 crore from a special window facilitated by the RBI or Rs 2.35 lakh crore from the market and has also proposed extending the compensation cess levied on luxury, demerit and sin goods beyond 2022 to repay the borrowing. Reasoning why the Centre cannot borrow to fund the shortfall, sources said that it needs to be appreciated that under the GST law, the compensation cess is a tax owned by the states.

Compensation States Crore Pti Centre Rates Gst Borrowing Borrow Sources Gsdp Two Options Shortfall Gst Implementation Finance Ministry Sources Compensation Gap  entire  crore  borrowing  centre  rates  compensation  states  gst  rs  sources  borrow  compensated  shortfall

History of this topic

Cheema advocates for continuation of GST compensation regime
3 weeks, 1 day ago

Cheema advocates for continuation of GST compensation regime

Hindustan Times  

In a strong push for the continuation of the goods and services tax compensation regime, Punjab finance minister Harpal Singh Cheema on Monday strongly recommended the continuation of the GST compensation cess regime beyond March 31, 2026, to ensure that states can mitigate the revenue loss caused by the subsumation of various taxes into the indirect tax. TPunjab finance minister …

EXPLAINED: What is GST Compensation Cess and how to calculate it?
1 year, 5 months ago

EXPLAINED: What is GST Compensation Cess and how to calculate it?

India TV News  

The government might treat alleged multi-utility vehicles or hybrid utility vehicles at standard with sports utility vehicles independent of automakers' terminology and consistently demand a 22% Compensation Cess assuming they have length more noteworthy than 4 meters, a motor over 1,500cc limit, and something like 170mm ground freedom, reported 'The Hindustan Times'. The GST Compensation Cess, also known as the …

Centre will clear GST dues of states, TS to get Rs.1835 cr in arrears
1 year, 10 months ago

Centre will clear GST dues of states, TS to get Rs.1835 cr in arrears

Deccan Chronicle  

New Delhi: The GST Council on Saturday said the Centre had decided to clear the pending balance of GST compensation of Rs.16,982 crore for June 2022. The Centre will also clear the admissible final GST Compensation to those states who have provided revenue figures certified by the Accountant General which amounts to `16,524 crore. Briefing media after the 49th meeting …

Harish Rao skips GST Council meeting, Centre clears pending GST compensation for TS
1 year, 10 months ago

Harish Rao skips GST Council meeting, Centre clears pending GST compensation for TS

Deccan Chronicle  

HYDERABAD: The GST Council on Saturday said the Centre had decided to clear the pending balance of GST compensation of Rs 16,982 crore for June 2022. The Centre will also clear the admissible final GST Compensation to those states who have provided revenue figures certified by the Accountant General which amounts to Rs 16,524 crore. In addition, the GST Council …

Entire GST compensation cess dues will be cleared, announces Nirmala Sitharaman
1 year, 10 months ago

Entire GST compensation cess dues will be cleared, announces Nirmala Sitharaman

Hindustan Times  

Finance minister Nirmala Sitharaman on Saturday announced that the central government will clear the entire dues of the pending balance of the GST compensation, as decided at the 49th GST Council meeting. Even that is getting cleared," Nirmala Sitharaman said announcing the clearance of all GST dues to the tune of ₹16,982 crore. Finance minister Nirmala Sitharaman addressing the press …

Finance Ministry Confirms That Some States Have Sought Extension Of GST Compensation For A Further Period Of Five Years.
2 years, 5 months ago

Finance Ministry Confirms That Some States Have Sought Extension Of GST Compensation For A Further Period Of Five Years.

Live Law  

The Finance Ministry has confirmed that some states have sought extension of GST compensation for a further period of five years. As per section 18 of the Constitution Act, 2016, Parliament shall, on the recommendation of the GST Council, provide for compensation to the States for loss of revenue arising on account of the GST for a period of five …

GST compensation sunset: Punjab, Goa, Chhattisgarh may face most revenue stress
2 years, 5 months ago

GST compensation sunset: Punjab, Goa, Chhattisgarh may face most revenue stress

The Hindu  

With the sunset of the five-year assured compensation for States under the Goods and Services Tax regime from this month, Punjab, Goa and Chhattisgarh are likely to face the most revenue stress, as per a new working paper by the National Institute of Public Finance and Policy. The paper, titled ‘Revenue Assessment of GST in India’ by NIPFP associate professor …

GST compensation due to States now totals ₹35,266 crore
2 years, 5 months ago

GST compensation due to States now totals ₹35,266 crore

The Hindu  

Outstanding Goods and Services Tax Compensation dues to States now amount to ₹35,266 crore, the Finance Ministry informed Parliament on Monday. These dues pertain to June 2022, the last month for which States were assured a certain level of revenue in order to switch to the GST regime, and would be paid from GST Compensation Cess collections, whose levy has …

No decision on extending GST compensation
2 years, 5 months ago

No decision on extending GST compensation

Hindustan Times  

States are set to lose the shield of 14% assured annual revenue growth guaranteed under the goods and services tax law from Friday as previously decided, with the GST Council on Wednesday not taking a call on an extension sought by around a dozen states, particularly those ruled by non-NDA parties, worried about a sharp fall in their revenue. Analysts …

GST Council Meeting: No decision on extending compensation to states
2 years, 5 months ago

GST Council Meeting: No decision on extending compensation to states

Live Mint  

The 47th GST council meeting ended today and the Council could not take a decision on the contentious issues of extension of GST compensation mechanism for states. Puducherry finance minister K Lakshminarayanan told PTI that said all states sought an extension of the compensation mechanism, but no decision has been taken. The Centre, last week, notified extension of the compensation …

GST Council discusses compensation issue ‘informally’
2 years, 5 months ago

GST Council discusses compensation issue ‘informally’

Live Mint  

Chandigarh: The Goods and Services Tax Council is “informally” discussing the demands from several state governments that their indirect tax reform-related revenue losses be compensated beyond June when the current scheme expires, said a person aware of the development. The current scheme of compensation, which ran for five years since the inception of GST in July 2017, expires at the …

Forced by Opposition, GST Council to discuss compensation to states barely 24 hours before deadline
2 years, 5 months ago

Forced by Opposition, GST Council to discuss compensation to states barely 24 hours before deadline

India Today  

Facing pressure from Opposition-ruled states, the GST council on Tuesday agreed to include their demand for a discussion on extension of compensation to states as an agenda item on Day 2 of the meeting on Wednesday, 24 hours before the five-year deadline ends. However the compensation cess, levied on luxury and demerit goods, was to continue till March 2026 primarily …

Punjab may lose Rs 15k crore as GST compensation ends
2 years, 5 months ago

Punjab may lose Rs 15k crore as GST compensation ends

India Today  

The two-day brainstorming session of the GST council, which kick started in Chandigarh on Tuesday, has left fund-starved states like Punjab worried. The Punjab government has assessed that the end of the GST Cess will result in a loss of between Rs 14,000 to Rs 15,000 crore during the current fiscal year. Punjab Finance Minister Harpal Singh Cheema, while speaking …

Why is GST compensation important for states even after 5 years of new tax regime?
2 years, 5 months ago

Why is GST compensation important for states even after 5 years of new tax regime?

India Today  

It has been five years since the Goods and Services Tax was implemented in India and the government’s expected time for full transition into the new tax regime is now over. “Until the GST implementation, producing or exporting states besides collecting VAT used to collect central sales tax up to two per cent on the inter-state sales. After the GST …

DC EDIT | Making the GST regime work
2 years, 5 months ago

DC EDIT | Making the GST regime work

Deccan Chronicle  

The decision of the GST Council to extend the period for imposing a levy on certain goods to compensate the states for their loss in tax revenue on the implementation of GST regime, and the Union government’s notification amending the relevant rules last week to give effect to the decision, have come as a great relief for several states which …

Govt. Extends Compensation Cess Levy Upto 31 March, 2026
2 years, 5 months ago

Govt. Extends Compensation Cess Levy Upto 31 March, 2026

Live Law  

The Ministry of Finance has extended the time period for the levy of compensation cess up to 31 March, 2026. "The period for levy and collection of cess under sub-section of section 8 of the Goods and Services Tax Act, 2017 shall be up to the 31st March, 2026," the notification read. The Goods and Services Tax Act, 2017 was …

GST compensation cess levy extended till March 2026
2 years, 5 months ago

GST compensation cess levy extended till March 2026

The Hindu  

The government has extended the time for levy of GST compensation cess by nearly 4 years till March 31, 2026. The levy of cess was to end on June 30 but the GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising State FMs, decided to extend it till March 2026 to repay the loans taken in the last …

‘States’ outbursts against Centre unwarranted’
2 years, 6 months ago

‘States’ outbursts against Centre unwarranted’

The Hindu  

Taking on the recent spate of “repeated, constant and instant” outbursts against the Centre from some States on fiscal issues, top government officials said on Wednesday that the criticism of the Goods and Services Tax regime’s functioning based on a Supreme Court verdict last week was as ill-informed as the critique of fuel tax cuts announced last Saturday. Even before …

The status of GST compensation dues
2 years, 7 months ago

The status of GST compensation dues

The Hindu  

The story so far: At a meeting with Chief Ministers last week, Prime Minister Narendra Modi said that several non-BJP ruled States had failed to cut taxes on fuel products whose prices have surged sharply since March and urged them to do so in the interest of giving relief to the people facing high inflation. Hours after the meeting, to …

GST dues: Centre owes States more than the official figures, says Chidambaram
2 years, 7 months ago

GST dues: Centre owes States more than the official figures, says Chidambaram

The Hindu  

Senior Congress leader P. Chidambaram on Thursday, April 28, 2022, took a dig at the Centre over the ₹78,704 crore it owes to the States in GST compensation, saying it would be interesting to know why the Finance Ministry "embarrassed" Prime Minister Narendra Modi by putting out the information on the day he chose to "admonish" the States. The Finance …

Extend GST compensation to states for two more years due to COVID pandemic, Ajit Pawar tells Centre
2 years, 10 months ago

Extend GST compensation to states for two more years due to COVID pandemic, Ajit Pawar tells Centre

Firstpost  

Pawar made the comments while interacting with reporters after unfurling the National Flag in Pune on the occasion of 73rd Republic Day Pune: Maharashtra deputy chief minister and state finance minister Ajit Pawar on Wednesday urged the Union Government to extend the period of Goods and Services Tax compensation from Centre to states for two more years in light of …

Extending GST compensation as a reform catalyst
2 years, 11 months ago

Extending GST compensation as a reform catalyst

The Hindu  

It has been claimed that the implementation of the Goods and Services Tax in India was a grand experiment in cooperative federalism in which both the Union and the States joined hands to rationalise cascading domestic trade taxes and evolve a value-added tax on goods and services. The calculation To allay the fears of States of possible revenue loss by …

Centre borrows and releases Rs 75,000 crore to compensate states for GST revenue shortfall
3 years, 5 months ago

Centre borrows and releases Rs 75,000 crore to compensate states for GST revenue shortfall

Firstpost  

Shortfall in GST compensation to states in the current fiscal estimated at Rs 2.59 lakh crore, of which about Rs 1.59 lakh crore would have to be borrowed New Delhi: The government has borrowed and given to the states Rs 75,000 crore to make up for the shortfall in their revenues because of the GST implementation. “The Ministry of Finance …

Centre Releases Rs 75,000 Crore to States as GST Compensation
3 years, 5 months ago

Centre Releases Rs 75,000 Crore to States as GST Compensation

News 18  

The government on Thursday said it has released Rs 75,000 crore to the states and Union Territories to compensate them for the shortfall in GST revenue. The GST Council in its meeting on May 28 had decided that the central government would borrow Rs 1.59 lakh crore and release it to the states and UTs with the legislature on a …

States may seek 5-year extension GST compensation in upcoming meet: Report
3 years, 7 months ago

States may seek 5-year extension GST compensation in upcoming meet: Report

India Today  

State authorities are likely to ask for an extension of five years for compensation cess at the upcoming Goods and Services Tax Council meeting on Friday. The GST Council meeting, which will be chaired by Finance Minister Nirmala Sitharaman, is also likely to take up the reduction in late fees for late filing of GSTR 3B returns since July 2017, …

Centre Releases Rs 30,000 Crore to States as GST Compensation
3 years, 8 months ago

Centre Releases Rs 30,000 Crore to States as GST Compensation

News 18  

The Centre has released Rs 30,000 crore to the states as GST compensation on March 27, and about Rs 63,000 crore is pending for the current fiscal, the Finance Ministry said on Tuesday. The total amount of GST compensation released so far this fiscal ending March 31 is Rs 70,000 crore. “The Central Government has released GST Compensation of Rs …

GST compensation shortfall | Jharkhand has accepted option, says Finance Ministry
4 years ago

GST compensation shortfall | Jharkhand has accepted option, says Finance Ministry

The Hindu  

Jharkhand has accepted the alternative offered by the Centre to meet part of the GST compensation shortfall through a special borrowing window, the Finance Ministry said on Saturday. With Jharkhand’s acquiescence to the Centre’s proposed solution, all States and Union territories have now exercised the option to receive part of their GST implementation dues this year. The Centre had offered …

GST dues to States could touch ₹7 lakh crore by 2022: 15th Finance Commission
4 years, 1 month ago

GST dues to States could touch ₹7 lakh crore by 2022: 15th Finance Commission

The Hindu  

The gap between GST cess collections and the revenue shortfall faced by States for implementing the Goods and Services Tax could snowball to anywhere between ₹5 lakh crore to ₹7 lakh crore by June 2022 from the ₹2.35 lakh crore estimated for this year, the Fifteenth Finance Commission is learnt to have projected in its report. GST concerns Unless there …

Centre to transfer second tranche of funds to states to meet GST shortfall
4 years, 1 month ago

Centre to transfer second tranche of funds to states to meet GST shortfall

Live Mint  

New Delhi: The central government said it release ₹6,000 crore to 16 states and three union territories on Monday under the special borrowing arrangement meant to meet states’ Goods and Services Tax revenue shortfall. So far, 21 states and three union territories have opted for the borrowing scheme to meet their GST revenue shortfall. States like Kerala, Punjab and West …

GST compensation: Govt transfers second tranche of ₹6,000 cr to 16 states, 3 UTs
4 years, 1 month ago

GST compensation: Govt transfers second tranche of ₹6,000 cr to 16 states, 3 UTs

Live Mint  

In a bid to bridge the Goods and Services Tax revenue shortfall, the Modi government has borrowed and transferred ₹6,000 crore as the second tranche to 16 states and three union territories under a special borrowing window, the Finance Ministry said on Monday. "The Ministry of Finance, Government of India, under its Special Window to States for meeting the GST …

Centre blinks in tussle with states over GST compensation, but questions remain
4 years, 1 month ago

Centre blinks in tussle with states over GST compensation, but questions remain

India Today  

Even as the opposition-ruled states prepare to take on the finance ministry over the GST compensation, the first tranche of Rs 6,000 crore was transferred to 16 states and two Unions territories by the Centre on October 23. The ministry said it would make regular weekly transfers to the states who are onboard with the central plan for compensation on …

Centre Transfers Rs 6,000 Crore in GST Compensation to States
4 years, 2 months ago

Centre Transfers Rs 6,000 Crore in GST Compensation to States

The Quint  

Last week, the Centre gave in to the demands of opposition-ruled states to borrow and fund the GST compensation shortfall. The GST council headed by Finance Minister Nirmala Sitharaman have met several times in the past few months but failed to come to a consensus on the issue of funding the shortfall of Goods and Services Tax revenue of states. …

Centre borrows ₹6,000 cr. for GST compensation
4 years, 2 months ago

Centre borrows ₹6,000 cr. for GST compensation

The Hindu  

Kicking off its borrowing plan to meet the GST compensation shortfalls faced by States, the Centre on Friday borrowed and transferred ₹6,000 crore to 16 States as well as the Union Territories of Delhi and J&K. As of now, 21 States had selected the Centre’s option to borrow ₹1.1 lakh crore out of the total ₹2.35 lakh crore GST compensation …

Centre Borrows, Transfers Rs 6,000 Crore to 16 States and 2 UTs
4 years, 2 months ago

Centre Borrows, Transfers Rs 6,000 Crore to 16 States and 2 UTs

News 18  

New Delhi: The Centre has borrowed and transferred Rs 6,000 crore as the first tranche of GST compensation shortfall to 16 states and two union territories, including Maharashtra, Gujarat, Bihar, Assam, Delhi and J&K, the finance ministry said on Friday. The finance ministry said that the Centre would borrow from the market to pay the GST compensation shortfall of Rs …

An incomplete solution: The Hindu Editorial on Centre borrowing for States to meet GST shortfall
4 years, 2 months ago

An incomplete solution: The Hindu Editorial on Centre borrowing for States to meet GST shortfall

The Hindu  

The past week witnessed some forward, albeit inexplicably delayed, movement towards breaking the deadlock between the Centre and States on bridging this year’s shortfall in cess collections to recompense States for adopting the GST. To recap — the Centre had argued that just ₹1.1-lakh crore of the estimated ₹2.35-lakh crore shortfall in GST cess inflows was due to GST implementation; …

Smart Arithmetic: Centre Agreeing to Take on GST Debt Should Help States' Finances
4 years, 2 months ago

Smart Arithmetic: Centre Agreeing to Take on GST Debt Should Help States' Finances

News 18  

The Centre has shown its arithmetic abilities in the game of one-upmanship with states over who foots the GST compensation shortfall in this pandemic year. “The most amicable way would have been not to offer two options but one straight option where entire GST shortfall was divided into two equal parts: one half to be borrowed by the Centre and …

Dissenting states likely to accept GST solution
4 years, 2 months ago

Dissenting states likely to accept GST solution

Hindustan Times  

With the Centre agreeing to borrow ₹1.1 lakh crore from a special window of the Reserve Bank of India and on-lend it to the states, some of the seven states that are yet to agree to the plan may now sign on, government officials with direct knowledge of the matter said on Friday. Centre’s decision on Thursday followed by GST …

How Centre borrowing Rs 1.1 lakh crore will impact states, Nirmala Sitharaman explains in a letter
4 years, 2 months ago

How Centre borrowing Rs 1.1 lakh crore will impact states, Nirmala Sitharaman explains in a letter

Hindustan Times  

A day after the Centre announced that it would borrow Rs 1.1 lakh crore on behalf of the states — much to the relief of the states as now they don’t have to borrow to pay the GST compensation shortfall— finance minister Nirmala Sitharaman wrote to all states explaining the change in stance. The total GST revenue shortfall for the …

Centre reveals GST borrowing plan as states prep to move SC
4 years, 2 months ago

Centre reveals GST borrowing plan as states prep to move SC

Live Mint  

The central government on Thursday said it will borrow under a special Reserve Bank of India window and lend the money to states that opt for debt to bridge their revenue gap this fiscal arising from the indirect tax reform three years ago. An official statement issued by the finance ministry said the estimated shortfall of ₹1.1 trillion, assuming all …

Centre revises H2 borrowing calendar to accommodate GST compensation
4 years, 2 months ago

Centre revises H2 borrowing calendar to accommodate GST compensation

Live Mint  

The central government late on Thursday said it was modifying its borrowing calendar for the second half to operationalise a special borrowing window meant for states to bridge their Goods and Services Tax revenue gap. “To operationalize the special window to states for meeting the GST compensation cess shortfall of ₹1,10,000 crore, the government of India’s borrowing calendar is being …

Centre to borrow up to Rs 1.1 lakh crore on behalf of states to meet GST shortfall
4 years, 2 months ago

Centre to borrow up to Rs 1.1 lakh crore on behalf of states to meet GST shortfall

Firstpost  

The amount will be borrowed by the Centre under the Special Window in appropriate tranches and will be passed on to states in back-to back loans, said a finance ministry statement. However, it did not say who will service the interest and principal payments New Delhi: The Central government will borrow up to Rs 1.1 lakh crore on behalf of …

After Deadlock Over GST Shortfall, Finance Ministry Says Centre to Borrow and Pass Amount to States
4 years, 2 months ago

After Deadlock Over GST Shortfall, Finance Ministry Says Centre to Borrow and Pass Amount to States

News 18  

Finance Ministry on Thursday said the central government will borrow Rs 1.1 lakh crore to make up for the shortfall in GST of states. If the centre has decided to borrow the Rs 1.1 lakh crore and extend it to the states as a back-to-loans, I welcome the change of position. — P. Chidambaram October 15, 2020 The second GST …

Amid Stalemate, Centre Permits 20 States to Raise Rs 68,825 Cr Via Borrowing to Meet GST Shortfall
4 years, 2 months ago

Amid Stalemate, Centre Permits 20 States to Raise Rs 68,825 Cr Via Borrowing to Meet GST Shortfall

News 18  

The Centre on Tuesday permitted 20 states to raise Rs 68,825 crore through open market borrowings to bridge the GST revenue shortfall. The Centre had in August given two options to the states — to borrow either Rs 97,000 crore from a special window facilitated by the RBI or Rs 2.35 lakh crore from the market. The Department of Expenditure, …

No Consensus to Make up for GST Shortfall of States, Says FM Sitharaman after Council Meeting
4 years, 2 months ago

No Consensus to Make up for GST Shortfall of States, Says FM Sitharaman after Council Meeting

News 18  

The second GST Council meeting in a week, held on Monday, did not end the deadlock between opposition states and Centre, with Finance Minister Nirmala Sitharaman urging the states to opt for the first borrowing option. The two borrowing options given by the Centre to the states at an earlier GST meeting included: calculating GST related shortfall in revenue at …

GST Council meet today to discuss compensation issue
4 years, 2 months ago

GST Council meet today to discuss compensation issue

India TV News  

As the GST compensation cess issue still remains unresolved with around 10 opposition-ruled states and Union Territories not agreeing with the Centre's borrowing proposals, the GST Council, consisting of all state Finance Ministers and headed by the Union Finance Minister, will meet today to discuss and try to reach to a consensus on the matter. This gap, however, needs to …

GST Council meet ends with no consensus, Centre says will not borrow for states
4 years, 2 months ago

GST Council meet ends with no consensus, Centre says will not borrow for states

India Today  

The deadlock over compensating states for the shortfall in GST collections continued on Monday with the 42nd meeting of the GST Council ending without reaching any consensus. Finance Minister Nirmala Sitharaman, who heads the Council, said the Centre cannot borrow and pay states for the shortfall as it would lead to a rise in bond yields, resulting in the rise …

GST Council to Discuss Compensation Issue for Third Time in a Row Tomorrow
4 years, 2 months ago

GST Council to Discuss Compensation Issue for Third Time in a Row Tomorrow

News 18  

The GST Council in its meeting on Monday is likely to discuss the suggestion of non-BJP ruled states of setting up a ministerial panel to develop consensus on the issue of compensation, sources said. The Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising of state finance ministers, will for the third time in a row discuss the issue …

The GST's uncertain future
4 years, 2 months ago

The GST's uncertain future

India Today  

The true test of leadership comes in times of adversity—the ability to develop consensus when the going gets tough. On November 27, 2019 the GST council wrote to state governments, informing them that GST and compensation cess collections in the previous few months had become ‘a matter of concern’ and that compensation requirements were ‘unlikely to be met’. The GST …

GST Compensation Quandary: States Ruled by BJP Rivals Need to Soften Stand and See Reason
4 years, 2 months ago

GST Compensation Quandary: States Ruled by BJP Rivals Need to Soften Stand and See Reason

News 18  

The inconclusive GST Council meeting, with repeated sparks between the Centre and Opposition-ruled states over the payment of compensation, sets a rather sad precedent. Decision was postponed to the next meeting on 12th of October.— Thomas Isaac October 5, 2020 Kerala’s finance minister Thomas Isaac tweeted after the council’s meeting that “10 states demand that full compensation should be paid …

Centre to Release Rs 20,000 Cr to States as GST Compensation, Cess to Be Levied Beyond 2022
4 years, 2 months ago

Centre to Release Rs 20,000 Cr to States as GST Compensation, Cess to Be Levied Beyond 2022

News 18  

The Centre on Monday said it will tonight release Rs 20,000 crore to states on account of GST compensation dues. Briefing reporters after the meeting of the 42nd GST Council here, Finance Minister Nirmala Sitharaman said the states which received less apportionment of Integrated GST for 2017-18, the Centre will next week transfer a cumulative Rs 24,000 crore to them. …

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