Property prices, GST boost state budgets by $7b
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State government budgets are a collective $7 billion better than expected as rapidly recovering housing markets and consumer spending lift goods and services tax and stamp duty collections run ahead of forecasts.
Federal estimates of GST collections are already $5.9 billion ahead of where they were forecast to be just three months ago, while stamp duty estimates have improved in every state by more than a combined $1.5 billion compared to past figures.
Consumers are feeling wealthier and spending more.Â
Justin McManus
The improved budget positions reopen the debate around fiscal discipline, the need to reduce debt and spending and peg back lost credit ratings.
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Non-availability of funds cannot be accepted as excuse for untimely payment of salaries, says Delhi HC on MCD funds ANI | Updated: Jan 20, 2021 14:13 IST
New Delhi [India], January 20 (ANI): Delhi High Court, while hearing the batch of petitions in relation to non-payment of salaries and pensions to the employees of municipal Corporations, said that non-availability of funds cannot be and shall not be accepted by the Court as an excuse for untimely payment of salaries on Wednesday.
The Court has also directed the Municipal Corporations to place the different heads of expenditure in respect to the Municipal Councillors, Class-I officers and Class-II officers. The amounts incurred in providing perks to them should be clearly disclosed under each specific head.
Lack Of Funds Not An Accepted Excuse: Delhi High Court To Civic Bodies Over Salaries Lack Of Funds Not An Accepted Excuse: Delhi High Court To Civic Bodies Over Salaries The court has also directed the Municipal Corporations to place the different heads of expenditure in respect to the Municipal Councillors, Class-I officers and Class-II officers.
Non-availability of funds cannot be and shall not be accepted as an excuse: Delhi High Court (File)
New Delhi:
The Delhi High Court, while hearing the batch of petitions in relation to non-payment of salaries and pensions to the employees of municipal Corporations, said that non-availability of funds cannot be and shall not be accepted by the court as an excuse for untimely payment of salaries on Wednesday.