GST Compensation: Karnataka Chooses Option 1 to Meet Shortfall in Revenues

BJP ruled Karnataka on Wednesday said it has decided to opt for the first among the two option offered by the Centre for borrowing to meet the shortfall in GST revenues, under which the state will be eligible for total compensation of Rs 18,289 crore. The decision was taken after Chief Minister BS Yediyurappa, who also holds the finance portfolio, held discussions with Finance department officials…