Centre not reneging on its promise to compensate states for any GST revenue loss: FM

The Finance Minister has said that Centre is not backing from its promise and has gone much beyond to protect states from losses caused due to transition to GST. The Lok Sabha has passed the supplementary demand, which allows the government additional spending of Rs 1.67 lakh crore, by voice vote on Friday. She has said that there is no provision to provide compensation out of consolidated fund of India.

https://economictimes.indiatimes.com/news/economy/policy/centre-not-reneging-on-its-promise-to-compensate-states-for-any-gst-revenue-loss-fm/articleshow/78195288.cms