GST BORROWING
Centre transfers Rs 42,000 crore to states after 7th weekly GST compensation trancheThe latest borrowing was done at a rate of 5.13%, taking the average interest rate at which borrowings were made under the window to 4.77%,...
- GST compensation: All states take Rs 1.1 lakh crore option, Jharkhand last state to join
With Jharkhand, the last state to take the option, the issue that had become a home of contention between Centre and states now stands reso...
- GST shortfall: Chhattisgarh latest to settle for Rs 1.1 lakh crore option
Chhattisgarh follows Punjab, West Bengal and Kerala which had chosen the option last week. This leaves only Jharkhand, which has yet to pic...
- GST shortfall: Chhattisgarh latest to settle for Rs 1.1 lakh crore option
Chhattisgarh follows Punjab, West Bengal and Kerala which had chosen the option last week. This leaves only Jharkhand, which has yet to pic...
- Punjab takes Rs 1.1 lakh cr option to meet GST compensation shortfall
26 states and 3 Union Territories with Legislative Assembly (i.e. Delhi, Jammu & Kashmir and Puducherry) have decided in favour of borrowin...
- Kerala, West Bengal take borrowing option to meet GST compensation shortfall
The amount of additional borrowing permission granted to 25 states and the amount of funds raised through special window and released to 23...
- Centre must borrow ₹1.7 lakh crore for GST relief shortfall: 5 non-BJP states
Opposition-ruled states of Kerala, West Bengal, Chhattisgarh, Punjab and Jharkhand have fired a fresh salvo on the GST shortfall saying the...
- Telangana accepts Centre's borrowing option to meet GST shortfall
The Centre has already borrowed Rs 18,000 crore on behalf of the states in three instalments and has passed it on to 22 states and 3 Union ...
- West Bengal opts for Rs 1.1 lakh crore borrowing option to meet GST compensation shortfall
West Bengal finance minister Amit Mitra has written to Union finance minister Nirmala Sitharaman saying that the state will take the option...
- Rajasthan takes Rs 1.1 lakh crore option to meet GST compensation shortfall
The finance ministry said in a statement on Thursday that Rajasthan will get Rs 4,604 crore through special borrowing window and will be pe...
- GST borrowing quantum has to be reasonable, will continue to request states to join: Finance Secretary
He said while extending the loan, the Centre would take authorisation from states that repayment would be made only from the GST compensati...
- GST borrowing quantum has to be reasonable, will continue to request states to join: Finance Secretary
He said while extending the loan, the Centre would take authorisation from states that repayment would be made only from the GST compensati...
- GST rate cut sends wrong signal to domestic business: Finance secretary
Finance secretary, Ajay Bhushan Pandey said to ANI that GST rate cut sends a wrong signal to domestic business/industries as well as intern...
- No solution in sight: Centre must borrow entire GST shortfall, opposition reiterates
Chhattisgarh commercial tax minister TS Singhdeo told ET: “Our stance is that the Centre should borrow the full amount of shortfall and com...
- Centre permits 20 states to raise Rs 68,825 crore via borrowing to meet GST shortfall
The borrowing amount is 0.5% of gross state domestic product (GSDP). The total shortfall in the revenue of states on this account has been ...
- GST Council approves increased borrowing limit of Rs 1.1 lakh crore under option 1
The Centre had proposed an increased borrowing limit in the ongoing 42nd goods and services tax (GST) Council meeting headed by finance min...
- GST row: Bihar FM Sushil Modi pushes for borrowing option
Sushil Modi, also the finance minister of the state, told Union Finance Minister Nirmala Sitharaman in a letter on Saturday that financial ...
- Opposition-ruled states dig in heels against centre’s borrowing options
The Opposition-ruled states of Punjab, Chhattisgarh, Jharkhand, West Bengal, Kerala, Delhi, Maharashtra, Puducherry and Telangana would rej...
- GST Council forcing states to borrow: Congress governments
Puducherry Chief Minister V Narayana Samy, Punjab Finance Minister Manpreet Singh Badal and Chhattisgarh health minister TS Singh Deo addre...
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