Business

GOVERNMENT IS FACING A HUGE SERIOUS CASH CRUNCH— CREDIT GOES TO GST !!

Regulating Act was passed by British Parliament in 1773. That time they appointed a governor general to look after British India.

The law was the beginnings of the central govt of the , British Raj.

The single most significant institution to shape the Indian subcontinent for the next two centuries.

For an institution with such a long history, however it is today’s facing a rather a big problem of cash crunch.

The main point for this is falling tax revenue due to an under performing GST – Goods and Services Tax.

The expenditure as a percentage of GDP actually fell in 2018-19 and the actual expenditure of the centre was down by 1.31 trillion than the budget estimates.

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