Delhi can’t take loan from RBI, govt should borrow and give to us: Sisodia

 

Delhi can’t take loan from RBI, govt should borrow and give to us: Sisodia

Delhi Deputy Chief Minister Manish Sisodia Thursday said that under the existing system, the city government cannot take a loan from the RBI to meet its revenue shortfall

Current Affairs :Delhi Deputy Chief Minister Manish Sisodia Thursday said that under the current framework, the regional government can’t take a credit from the RBI to meet its income shortage. 

Rising out of a GST Council meeting, he said the Center has wouldn’t pay GST remuneration to states and requested that they take a credit from the RBI to meet their income shortage due to the coronavirus pandemic. 

Be that as it may, under the current mixture arrangement (of administration), the Delhi government can’t take an advance from the RBI. The Center should take a credit from the RBI and offer it to the Delhi government,” he said. 

Sisodia likewise accused the Center of neglecting to satisfy its guarantee to the states at the dispatch of the Goods and Services Tax (GST) system four years prior. 

“The Center had guaranteed that it will pay GST remuneration to states at the pace of 14 percent for a long time in the event of income deficit. Be that as it may, today at the GST Council meeting, the Center declined it, saying there was no arrangement for remuneration in circumstances like a pandemic,” Sisodia said in an instructions. 

The Delhi government is relied upon to have an income setback of around Rs 21,000 crore in the current monetary year, Sisodia said.

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