- The central government disburses the GST arrears.
- The Center has sanctioned 75 billion rupees.
- Rs 4122 crore would be available to Kerala.
The Minister of Finance, KN Balagopal, met today with the Minister of Finance of the Union, Nirmala Sitharaman. It also requested payment of the GST arrears. This was followed by a decisive step on the part of the central government.
The Center has said that 50 percent of arrears to states will be paid in a lump sum. Kerala owes Rs 4,500 crore. Under the Center’s policy, Kerala will get Rs 3765 million in five-year security and Rs 357 million in three-year security.
Finance Minister KN Balagopal welcomed the central government’s decision to provide GST compensation. It also welcomed the release of compensation arrears, albeit late. The Center has disbursed the GST arrears as states continue in the Kovid crisis. State governments believe that the money could be spent to solve the crisis created by the second wave of Kovid.
First the first stone, then the construction; The wait for the pedestrian bridge is long