June 29, 2017 5:32 PM

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Centre will release provisional compensation every quarter to States for GST revenue loss: K'taka CM

Karnataka Chief Minister Siddaramaiah today said Union Government will release provisional compensation every quarter to the States for the loss of revenue after implementation of Goods and Service Tax (GST). <br/><br/>Replying to a question about loss to the State on implementation of GST , he said in Koppal that initially the State will suffer revenue loss but the Centre will release provisional compensation every quarter. <br/><br/>About Cabinet expansion, Mr. Siddaramaiah said presently there are three vacancies and he will do expansion soon after consulting party supremo. <br/><br/>Mr Siddaramaiah alleged that the Centre is adopting anti-farmer policy. "He have written to the Prime Minister requesting to waive 50 per cent of the farm loans in commercial banks. But there is no response from Centre,"he added.

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