The state governments that have claimed a financial package from the Centre for loss in their revenues because of the reduction of CST rates from 4% to 2% is a motley crowd, comprising both states ruled by the Congress and its alliance partners, as also their political adversaries. With the Union government claiming that it had already made the "final settlement'' for the year 2010-11 after releasing an amount of 6,393.94 crore as compensation package to the states to recompense them for their revenue-deficit owing to the reduction in CST rates, the states are now crying foul. And it is not just the Opposition-ruled states which are feeling the pinch. Among the states which have raised a hefty compensation package for the year 2010-11 are also those administered by the Congress and its coalition partners.
Source: Economic Times
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