Centre suggests state governments to borrow Rs 2.35 lakh crore to meet tax shortfall

The government could also support the states to raise up to Rs 97,000 crore in loans from the central bank at a lower rate to meet the states' tax shortfall, estimated at Rs 3 lakh crore in the current fiscal year, beginning April.

from Economy-News-Economic Times https://ift.tt/2D2px9i