Saturday, August 29, 2020

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
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