GST Council meet: States to push for borrowing by Centre on Thursday

Our worst fears are now coming true, Amit Mitra writes to Sitharaman

Dilasha Seth | New Delhi
Last Updated at August 27, 2020 01:08 IST

States have objected to borrowing from the market themselves, and will seek an extension to the compensation period beyond the promised FY22

Ahead of the crucial single-agenda GST Council meeting on Thursday, most states — including those governed by the BJP — reached a consensus that the Centre should borrow to compensate states for the revenue shortfall owing to inadequate cess collection.

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