Tamil Nadu caves in on GST

Tamil Nadu on Wednesday said it will borrow Rs 9,627 crore through open market borrowings to meet its GST revenue shortfall, becoming the 21st state to go for option 1 of the borrowing plans suggested by the Centre. Tamil Nadu was one of the eight Opposition states who had earlier refused to take up the options suggested by the Centre to meet the shortfall in their GST revenues. However, the gover…