Chandigarh, Aug. 30 -- Finance minister Harpal Singh Cheema on Friday stated that the central government, under the current proposal to rationalise goods and services tax (GST) rates, should provide adequate compensation to states to prevent financial instability.

Cheema said that the benefits of this measure should reach the poor people of the country who are facing inflation, rather than corporate houses. "If the current proposal for price rationalisation is implemented without a provision for compensation to cover revenue loss, it will lead to financial instability in the states and harm the country's federal structure, which is unacceptable," he said after a meeting of finance ministers and representatives of the opposition-ruled sta...