One nation, one tax: why the next phase of GST reform must restore the federal compact
States gave up agency over local taxes to help India achieve a single national tax, but the end of the GST compensation guarantee has left many of them fiscally vulnerable. The country must forge another grand Centre-state bargain to ease state anxieties over…
The News Flicker
States gave up agency over local taxes to help India achieve a single national tax, but the end of the GST compensation guarantee has left many of them fiscally vulnerable. The country must forge another grand Centre-state bargain to ease state anxieties over…
The promise was politically elegant. The arithmetic less so. Cess collections fell behind the guarantee even before the pandemic and covid widened the gap dramatically. The Centre eventually borrowed…
Originally published by Livemint. Read the full article →
More from India
Pegu's Historic Bronze Fuels Senior Swimming Ambitions
Tirthank Pegu, India's first male swimmer to win a medal at the Youth Olympic Games, secured a bronze in the 200m butterfly event. Following his historic achievement in Dakar, Pegu expressed his ambition to transition his junior success into strong performanc…
The News Flicker·November 8, 2026
Pune man chops up friend with billhook, dumps legs in sack, hides torso at home: How SIM card tray helped crack case
In Pune, a man named Pintya Kumbhar allegedly murdered his friend Anil Khade over a liquor dispute. After killing Khade with a baseball bat, Kumbhar severed his legs with a billhook. He disposed of the limbs in a gunny sack near a garbage heap. Police discove…
The News Flicker·November 8, 2026
Gold, silver outlook hinges on US-Iran tensions, global inflation data next week
Inflation readings from the US, China, Germany, Japan and India, along with employment data, will be key triggers for precious metals.
The News Flicker·November 8, 2026