Centre releases 11th installment of Rs 6000 crore to states to meet GST compensation shortfall

Economic Times

The  Centre  has released the 11th instalment of Rs 6,000 crore to states as a back-to-back loan to meet the compensation shortfall in collection of goods and services tax, taking the total amount released so far through the special borrowing window to Rs 66,000 crore, the  finance ministry  said on Monday.  “Now, more than 60% of the estimated  GST compensation &nbsp…

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