GST Council approves increased borrowing limit of Rs 1.1 lakh crore under option 1

The  GST Council  has approved an increased  borrowing limit  of Rs 1.1 lakh crore instead of Rs 97,000 crore in the first  borrowing option  provided to the states.  The Centre had proposed an increased borrowing limit in the ongoing 42nd goods and services tax (GST) Council meeting headed by finance minister  Nirmala Sitharaman , assuming a 7% growth rate…