Govt allows 20 states to raise Rs 68,825 cr in borrowing for GST shortfall

The Centre on Tuesday permitted 20 states to raise Rs 68,825 crore through open market borrowings to bridge the GST revenue shortfall. The decision came a day after the  GST Council  meeting failed to reach a consensus on the stalemate over the Centre's proposal of states borrowing against future GST collections to make up for the shortfall. The projected total compensation shortfall in…