Centre to borrow to make up for states' GST shortfall: Finance Ministry
Finance Ministry on Thursday said the central government will borrow Rs 1.1 trillion to make up for the shortfall in GST of states
 "borrowing, fiscal deficit, market, stimulus")
Illustration: Binay Sinha
Finance Ministry on Thursday said the central government will borrow Rs 1.1 lakh crore to make up for the shortfall in GST of states.
"The amount so borrowed will be passed on to the states as a back-to-back loan in lieu of GST compensation cess releases," the ministry said in a statement.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Topics : Finance Ministry GST State borrowing
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First Published: Oct 15 2020 | 7:33 PM IST