Source:
Highlights
Considering the dire financial situation of the Municipal Corporations of Delhi, Sisodia also requested a one time grant of Rs 12,000 crore which he claimed is the legitimate share of the MCD over the last 10 years.
Delhi Deputy Chief Minister and Finance Minister Manish Sisodia on Monday urged the Union Finance Minister Nirmala Sitharaman to treat Delhi at par with the Union Territory of Jammu and Kashmir as regards providing share from Central Taxes and Central Assistance to Union Territories, and the Disaster Response Fund. During the pre-budget meeting with the finance ministers of all states, and the union territories with the Union Finance Minister for the budget of 2021-2022, Sisodia pointed out that the other state governments received financial assistance from the Disaster Response Fund, but not Delhi.
New Delhi [India], January 19 (ANI): Delhi Deputy Chief Minister and Finance Minister Manish Sisodia on Monday urged the Union Finance Minister Nirmala Sitharaman to treat Delhi at par with the Union Territory of Jammu and Kashmir as regards providing share from Central Taxes and Central Assistance to Union Territories, and the Disaster Response Fund.
States want cess/surcharges subsumed in basic tax rate
January 18, 2021 States today urged the Centre to merge cess and surcharges into the basic tax rate.
This was among the various suggestions given during the pre-Budget consultations Finance Minister Nirmala Sitharaman had with States and three Union Territories with legislature (Delhi, Puducherry and Jammu & Kashmir) on Monday.
A Finance Ministry statement said that Sitharaman highlighted the importance of the meeting as a sign of cooperative federalism and indicated the manner in which the Union government was strongly supporting the States/Union Territories fight the pandemic.
States’ views
Tamil Nadu Deputy Chief Minister O Paneerselvam said the levy of cesses and surcharges by the Centre deprives States of their legitimate share of the tax revenue. “All such cesses and surcharges should be merged into the basic rate of tax so that the States also receive their due share from the additional revenue,” he said.
Delhi Deputy Chief Minister and Finance Minister Manish Sisodia on Monday urged the Union Finance Minister Nirmala Sitharaman to treat Delhi at par with the Uni