Centre may raise loan to pay shortfall of GST compensation amount to States

States have to ramp up spending to combat the outbreak of COVID-19  The Union government is exploring raising a loan to pay the shortfall of the  Goods and Services Tax  (GST) compensation amount to States as the latter have had to ramp up spending to combat the outbreak of COVID-19.  According to senior officials in the Finance Ministry, the idea has been circulated and since…