During the discussions at pre-budget consultation meeting, on the specific demand for increased compensation owing to the cut in CST, the States were told that though the Centre was open to the idea — a position the Union Finance Minister voiced even earlier — much would depend on the overall fiscal situation as reported by The Hindu.
Chidambaram also asked the various state governments to provide speedy clearance for projects so as to expedite investments and kick-start the growth process.
Andhra FM demanded that the Central excise on gas and customs duty on imported coal and gas must be reduced to make power available to consumers at lower tariff. He said that pending settlement of the Central Sales Tax, the Centre should provide for payment of compensation against this in the budget to bolster the confidence of states.
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