Why states borrowing money to make up for gap in GST revenues is the right way forward

The Covid  pandemic  has played havoc with the economy. Revenue streams of the government, the private sector and individuals have been severely impacted while the expenditure, particularly of the government, is shooting up with a rise in commitments. One significant area of loss of revenue to both the Centre and the states is GST. But “while the states have the comfort of assured 14 per…