Centre writes to states seeking their choice for borrowings to meet GST compensation shortfall

In the second option, state borrowing will be for the full Rs 2.35 lakh crore – shortfall owing to GST implementation (Rs 97,000 crore) and impact of Covid 19 pandemic induced economic slowdown – which will be provided through market borrowing.

from Economy-News-Economic Times https://ift.tt/34LcxQW