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The Hindu
The Hindu
National
Special Correspondent

Central budget undermines State's economy: Pinarayi Vijayan

Budget Pinarayi Vijayan Central Kerala
Kerala Chief Minister Pinarayi Vijayan. | File (Source: THULASI KAKKAT)

Chief Minister Pinarayi Vijayan said the Union Budget sought to undermine the economy of individual States instead of bolstering their COVID-19 ravaged financial systems.

Mr. Vijayan said the States had joined the Centre's GST regime in 2015-16 to rationalise many regional taxes and evolve a coherent value-added surcharge system for a range of goods and services. The tax homogenisation had cost States their revenue autonomy.

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