Centre offers to borrow Rs 1.1 lakh crore and lend to states

NEW DELHI: The  Centre  will borrow the goods and services tax (GST) compensation shortfall of Rs 1.1 lakh crore, if all the states choose that option, and pass the amount on to them, marking a dramatic shift in stand that should resolve the row over the matter. The expectation is that the conciliatory move will bring the opposition-ruled states round.  After Monday’s GST Council me…