Regarding the issue of centre compensating states for GST shortfall: Wasn't the idea to compensate only for the loss incurred due to GST-implementation-transition? If the total collection has fallen due to COVID (an unforeseen circumstance), why should it be moral responsibility of centre?
What is problematic with the borrowing-window solution offered by Centre to States? Why can the states not borrow? Why should central government borrow and pay the states? Won't better-administered states get better loans while borrowing? Isn't this 'market-discrimination' between well-run and poorly-run states good?
Regarding the issue of centre compensating states for GST shortfall: Wasn't the idea to compensate only for the loss incurred due to GST-implementation-transition? If the total collection has fallen due to COVID (an unforeseen circumstance), why should it be moral responsibility of centre?
What is problematic with the borrowing-window solution offered by Centre to States? Why can the states not borrow? Why should central government borrow and pay the states? Won't better-administered states get better loans while borrowing? Isn't this 'market-discrimination' between well-run and poorly-run states good?