Blockage in May caused loss of revenue of Rs 4,100 crore: Telangana Finance Minister

Blockage in May caused loss of revenue of Rs 4,100 crore: Telangana Finance Minister

Source www.thehindubusinessline.com Meanwhile, the State has endorsed the recommendations of the GST Council’s Group of Ministers, set up to take a call on tax relief for Covid essentials.

An increase in the FRBM limit would help the State raise more funds to compensate for the revenue loss caused by the pandemic. “It will also drive generation of jobs,” he pointed out. Taking part in the 44th GST Council Meet chaired by Finance Minister Nirmala Sitharaman through video-conference on Saturday, he said raising the FRBM limit would help boost financial activities in the country in general and the State in particular.

“We don’t how long the lockdown will continue. The State needs support to tide over the financial crunch. We appeal to the Centre to increase the FRBM limit to five per cent,” he said. “The State is under lockdown because of the Covid second wave. We are facing severe financial problems,” Rao said.

The News Highlights

  • Blockage in May caused loss of revenue of Rs 4,100 crore: Telangana Finance Minister
  • Check the latest News news updates and information about business, finance and more.
Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more

For Latest News Follow us on Google News


Latest Headlines
  • Show all
  • Trending News
  • Popular By week
Price of iPhone 12 for iPhone 11 debut on Flipkart, iPhone 12 Mini
Price of iPhone 12 for iPhone 11 debut on Flipkart, iPhone 12 Mini
iPhone deals on Flipkart, Amazon iPhone 12 iPhone 12Also Read – iPhone 13 to come with faster charging as compared to iPhone 12 The biggest beneficiaries ...
South Africa lifts some restrictions on coronavirus after falling cases
South Africa lifts some restrictions on coronavirus after falling cases
The sale of alcohol from retail outlets will be permitted from Monday to Thursday and restaurants will also be allowed to serve liquor, he said. Under level 3, ...
The Day – Denying health coverage to COVID antivaxxers
The Day – Denying health coverage to COVID antivaxxers
  Dr. David Andersen Congress must pass laws making it illegal for state governments, the federal government, and private insurance companies to pay for or ...
Pakistan plans to return ship that ran aground near Karachi
Pakistan plans to return ship that ran aground near Karachi
The stuck vessel did not affect the normal movement of ships in and out of the port located near Karachi, according to a statement Sunday from the port ...
Analysts expect Apple to make $3 trillion in the second quarter – Proactive Investors USA & Canada
Analysts expect Apple to make $3 trillion in the second quarter – Proactive Investors USA & Canada
Back in autumn 2019 analysts wondered whether the tech giant could remain airborne at those levels. It was less than two years ago that Apple Inc ...
PerkinElmer will pay $5.25 billion for antibody maker BioLegend
PerkinElmer will pay $5.25 billion for antibody maker BioLegend
BioLegend, headquartered in San Diego, has more than 700 employees based mostly in the United States. Its reagents are used in disease diagnostics as well as ...
Dead Space remake will include cut content from the original game
Dead Space remake will include cut content from the original game
In an interview with IGN, creative director Roman Campos-Oriola spoke about how the team were approaching remaking the original Dead Space and the assets ...
The Samsung Galaxy A80 will receive the Android Security Patch for July 2021, according to reports
The Samsung Galaxy A80 will receive the Android Security Patch for July 2021, according to reports
The update for Samsung Galaxy A80 was reported by SamMobile. According to its documentation, Samsung is only bringing the July 2021 Android security patch to ...
Bloomberg reports that the 14-inch and 16-inch MacBook Pros will be available in September-November
Bloomberg reports that the 14-inch and 16-inch MacBook Pros will be available in September-November
And wait until that 32-core GPU macbook comes along. Let’s see how AMD’s so called “integrated graphics” does against that. You always go back to the ...
Are you looking for an Android phone with MagSafe? Realme could offer what you’re looking for
Are you looking for an Android phone with MagSafe? Realme could offer what you’re looking for
Realme recently released the next handset, Realme Flash Shortly thereafter, via Twitter, GSMArena posted a lot of information about the phone someone leaked ...
Show next
Compsmag - Latest News from tech, business and health
Logo