Express News Service
CHANDIGARH: Underscoring the tight financial situation faced by the state, Chief Minister Capt Amarinder Singh on Wednesday sought from the 15th Finance Commission a Special Debt Relief Package along with a one-time package to enable payment of the entire debt of the distressed farmers of Punjab.
At a meeting of the fifteenth Finan0000ce Commission here, Amarinder noted with concern the permanent loss of revenue suffered by the state post-GST implementation, whose compensation from the Centre will also end from July 1, 2022, resulting in a drastic fall in revenue in the range of Rs 10,000 to 12,000 crore per annum. In view of the loss, he urged the Commission to recommend a graded compensation …
Read the full article at: http://www.newindianexpress.com/nation/2019/jan/30/cm-amarinder-seeks-special-debt-relief-package-says-post-gst-revenue-loss-rs-12000-crore-per-year-1931999.html
