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INSTANT Intelligence, Inc. Names Rob Melnyk as Executive Vice President, Financial Services

INSTANT Intelligence, Inc. Names Rob Melnyk as Executive Vice President, Financial Services
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Avoiding breakdown: On GST council meeting

The much-delayed convening of the GST Council comes at a critical juncture
After a gap of over seven months, the GST Council will now meet on May 28, Finance Minister Nirmala Sitharaman announced last Saturday. That the Council, expected to meet every quarter, has taken possibly the longest pause in its functioning does not set a good precedent. Given the acrimony that transpired in its last few meetings over how the States’ GST compensation dues for the pandemic-induced lockdown-dented 2020-21 were to be met, the long break makes Centre-State equations even more awkward. States later reluctantly agreed to the Centre’s proposal to raise ₹1.1 lakh crore of GST recompense dues through special market borrowings, after the Finance Ministry backed off from insisting that States raise these loans directly. In the intervening period, the economy almost surged back to normalcy before being hobbled again by the second wave of infections. And unlike the first wave, there is a gre ....

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