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GST 2 Reforms: No Question Of Paying For States' Loss, Says FM
At the GST Council Meeting, finance minister Nirmala Sitharaman bust the myth that the Centre would continue to prop up states for revenue loss while rolling out GST reforms. The minister who had at the start of her media briefing thanked every member state for making it possible to roll out the two slab  GST — 5 % and 18 % — made it clear that as far as “loss of revenue” was concerned it wouldn’t be just the states that would lose revenue, even  the Centre would see a drop in earnings. “The Centre may be a one-third partner. The states put together can be two-thirds partners. But we are all in it together. So, anything that is gained or lost is for everybody. It’s not as if states have lost. If all of us have lost, all of us have lost…In the GST Council, the Centre and the states are together in it. Nobody is a donor and nobody is a done…” The new GST slab would be effective from September 22, the first day of Navratri. Sin goods will continue at the existing rates of 28% GST and compensation cess, where applicable, till the loan and interest payment obligations under the compensation cess account are completely discharged. Once it is cleared it will be40% GST for sin goods. All states unanimously voted in favour of GST rationalisation, as the collective intent was to provide relief to common man. When mocked about the 40% tax on sin goods by the Congress, Sitharaman couldn’t help asking if the Congress was demanding 5% GST on tobacco and gutkha?  She pointed out how the Congress could not implement GST while in office as it was not trusted by anyone.
DEvendra_015
Fadnavis Emerges Stronger Post Challenge Thrown By Maratha Agitation
Maharashtra chief minister Devendra Fadnavis has emerged unscathed and stronger post the Maratha agitation that disrupted Mumbai and challenged his leadership. The Maratha stir for reservations was seen as an attempt to embarrass Fadnavis’ government and it did falter badly initially attracting even the ire of the Mumbai High Court. The Maratha stir did test the Mahayuti government’s resilience, its stability and coalition strength as fears arose about the stir being pitchforked to destabilise Fadnavis government on the verge of upcoming local self-government polls. The chief minister seemed to lack vocal support from his own coalition partners who clearly chose to weigh in with the politically influential Maratha lobby. The Opposition too was unsparing with its jibes. Supriya Sule of the NCP-SP chided him for having broken her party and her family, while Sharad Pawar kept pushing the ball to the Centre recommending amendments. But, Fadnavis managed to end the stir, bring Mumbai back to normalcy and save his own leadership by giving away very little; the demanded government resolution may not withstand legal scrutiny, suggest legal hawks. Fadnavis may have faltered in handling the stir but he did manage to end it well on his own terms. He refused to meet the agitators and went about attending to Amit Shah on his two-day visit, attending to his duties and even visiting Ganesh pandals in Mumbai during the stir. Fadnavis managed to take the credit for facilitating reservations for the Marathas while his Maratha deputies were relegated to the sidelines. While giving up his fast, Manoj Jarange Patil meekly did mention his wish to withdraw stir in front of the CM and two deputy CMs. He gave in after realizing the government was in no further mood to entertain him.

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Editor’s Note: Short Post Is Here To Stay…

Time, they say, flies—and how true that is. Here we are celebrating our 5th Anniversary. Five years ago, when Covid-19 was wreaking havoc across the globe, I took a leap of faith and launched Short Post, India’s first website for Authentic Gossip. That was on January 31, 2021. I was convinced there was a clear gap in the market for gossip that was credible, sharp, and impactful—especially if told in just 250 words.

In this, I was fortunate. Scores of senior editors across diverse verticals bought into the idea and, in the process, gave wings to my dream. Quite honestly, Short Post could not have crossed these milestones without the unflinching support of its contributing editors. Like all start-ups, we have seen our share of ups and downs, but these editors have stood by us like a rock. I take this opportunity to doff my hat to them.

Thanks to their commitment, we have published close to 5,000 stories spanning politics, business, entertainment, and sports. I say this with pride: we made our mark as people who matter read us. “Small packs, big impact” truly captures the essence of Short Post.

We all know that Covid-19 has reset businesses worldwide, and the media sector is no exception. In the post-Covid era, investors have become more cautious and selective—and advertisers too. To compound matters, the entry of AI has disrupted the media landscape in equal measure. So far, we have managed to hold our ground, hopeful that some angel investors will take a shine to us.

What gives me confidence is this: AI cannot smell news—especially the gossipy kind. In other words, AI cannot churn out Short Post-type stories, no matter the prompt. That puts us in a safe zone. As someone rightly said, “AI is a co-pilot, not a pilot.”