States' GST revenue shortfall can be bridged by monetising debt, NSSF: SBI report

Economists at SBI on August 28 proposed three options for states to raise resources to bridge the shortfall in GST revenue from the Centre. This can be done by the Reserve Bank monetising the state governments' debts, enlargement of Ways and Means Advances (WMA), or taking recourse to the National Small Savings Fund, they said. The Centre on August 27 had placed before the GST Council two opt…