You are here: Home » Politics » News » National
Business Standard

Borrow from RBI or release 'pvt trust fund' money to pay GST dues: Yechury

Accusing the government of denying states their GST dues, CPI(M) leader Sitaram Yechury said it must borrow from the RBI or release money from a private trust fund, a reference to PM-CARES Fund

Sitaram Yechury | RBI | GST compensation

Press Trust of India  |  New Delhi 

Sitaram Yechury
Sitaram Yechury

Accusing the government of denying states their legitimate GST dues, CPI(M) leader Tuesday said it must borrow from the or release money from a private trust fund, an oblique reference to the PM-CARES Fund, to pay the states.

Modi government must immediately borrow from and pay the states their legitimate GST dues. At least now Modi must release ? thousands of crores amassed in a private trust fund bearing his name to the states to strengthen the combat against Covid, Yechury said in a tweet.

Though the CPI (M) General Secretary did not name the private trust fund he was referring to, he has often attacked the government over PM-CARES Fund terming it a private trust.

In a tweet on July 7, he had said, Thousands of crores are collected by a private trust bearing PM's name, using govt authority. This is non-transparent, non-auditable, hence non-accountable. Shameful: Money is made in the name of combating the pandemic, as people suffer from this health emergency. Another Scam.

The Supreme Court had recently refused to order transfer of funds from the PM CARES Fund to the Disaster Response Fund (NDRF), saying they are two entirely different funds with different object and purpose.

It had also said there was no occasion for audit by the Comptroller & Auditor General of India as PM-CARES Fund was a public charitable trust.

On Tuesday, Yechury also hit out at the government over reports that the Centre was seeking updates on coronavirus directly from district officials thus bypassing the elected governments.

PM to DM minus CM! States are on the frontline combating the pandemic. Instead of helping them, Centre denied paying them their legitimate GST dues. Now it bypasses the elected governments, gets officers to report directly. Surveillance? he said in another tweet.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, September 08 2020. 16:57 IST