The borrowing options before govt amid acute GST compensation shortfall

With the Centre facing an acute shortfall in GST collections, policymakers have had to think about various ways in which it can raise money, especially to compensate states for their GST losses as prescribed under law. Under the GST Act, the Centre has to compensate states for a period of five years from the date GST was rolled out (July 2017). While the idea of borrowing to compensate states look…