Summary:
Maharashtra government is expected to demand allocation of Rs 50,000 crore during the Fifteenth Finance Commission’s period for Mumbai. The GST council is chaired by Union Finance Minister Arun Jaitley, while finance ministers of various states are council members. On Wednesday, the Maharashtra government is expected to demand allocation of Rs 50,000 crore during the Fifteenth Finance Commission’s period for Mumbai. Toeing the state government’s demand, politicians across party lines raised the demand for special grants to improve the infrastructure of the financial capital. Seeking a change in the structure of the Goods and Services Tax (GST) council, the Opposition on Tuesday sought revival of the Empowered Committee of State Finance Ministers, which was the key decision-making body during the previous Value Added Tax regime..