FinMin permits States to raise additional Rs. 68,825 Cr. through Open Market Borrowings

Oct 13,2020

FinMin grants permission to 20 States to raise an additional amount of Rs.68,825 Cr. through open market borrowings, lists down state-wise details w.r.t. the additional amounts of borrowing allowed; Explicates that such permission has been granted @ 0.50 % of the Gross State Domestic Product (GSDP) to those States who have opted for Option-1 out of the two options as put forward by the GST Council in its meeting held on August 27, 2020, to meet the shortfall arising out of GS...


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