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Toggle navigation Dr CN Ashwatha Narayana at the inauguration of office of the Karnataka Digital Economy Mission (KDEM) on Tuesday (Photo/ANI) Karnataka Digital Economy Mission office inaugurated, Beyond Bengaluru report launched ANI | Updated: Feb 10, 2021 08:49 IST Bengaluru (Karnataka) [India], February 10 (ANI): The office of the Karnataka Digital Economy Mission (KDEM) which has the objective of increasing digital economy contribution to Gross State Domestic Product (GSDP) to 30 per cent was inaugurated and the Beyond Bengaluru report which facilitates to achieve this target was launched on Tuesday. Speaking on the occasion, Deputy Chief Minister Dr CN Ashwatha Narayana said, The government wanted KDEM to be more industry-friendly and keeping this in mind it has allowed for 51 per cent stakes to industry associations while retaining a minority holding of 49 per cent for itself. The government wants to ac ....
Goa nearing complete normalcy after coronavirus outbreak, says Governor B S Koshyari SECTIONS Last Updated: Jan 25, 2021, 04:34 PM IST Share Synopsis The session began with Governor Koshyari s address to the House, following which members of the opposition parties protested against the state government s decision to hold a curtailed session. Getty Images PANAJI: A five-day session of the Goa Assembly began here on Monday during which Governor B S Koshyari said the state is nearing complete normalcy after the COVID-19 outbreak, and that the pandemic is an eye-opener which has taught people to be self-reliant. On the first day of the session, members of the House paid tributes to some prominent personalities who died recently and those who succumbed to COVID-19 in the state. ....
The finance ministry in a statement said it has released the 13th weekly instalment of Rs 6,000 crore to the states to meet the GST compensation shortfall. Out of this, an amount of Rs 5,516.60 crore has been released to 23 states and an amount of Rs 483.40 crore has been released to the 3 UTs with legislative assembly (Delhi, Jammu and Kashmir, and Puducherry). ....
Synopsis Tax collections may slowly recover with improving economic outlook, Crisil said. However, higher interest burden because of high debt funding of this year’s fiscal deficit, coupled with sticky revenue expenditures, may keep revenue deficits high for states and GFD composition skewed over the next 2-3 years. Agencies High revenue deficit will also compel states to moderate their capex to remain within fiscal borrowing limits, thereby aggravating the skew in GFD, Crisil said. Contraction in tax collections for state governments due to Covid-19 pandemic-induced lockdowns and consequent slump in economic activity will result in a near four times expansion in their revenue deficits this fiscal. This will not only expand states’ aggregate gross fiscal deficit (GFD) to an all-time high of Rs.8.7 lakh crore, or 4.7% of GSDP and increse credit risks of states, according to ratings firm ....