FinMin summarizes intense engagements on borrowings, extension of cess at 43rd GST Council Meet

43rd GST Council meet which was a continuation of the 42nd GST Council meeting to discuss one agenda item, namely no. 9A on borrowing and GST Council’s authority to extend cess beyond 5 years concludes today; Explaining why Centre cannot borrow, FinMin explains that Centre has issued a borrowing calendar, if it goes beyond that to borrow, the G-Sec deals which are used as benchmark for everyother borrowing will go up, this will hence increase borrowing costs for S...