Tamil Nadu gets permission to raise additional Rs. 9627 Crores, 21 States allowed to mobilize Rs. 78,452 Crores

Finance Ministry grants permission to Tamil Nadu to raise an additional amount of Rs. 9627 Crores through open market borrowings pursuant to the State’s decision of opting for Option-1 to meet the shortfall arising out of GST implementation; Post today’s permission, 21 States have been granted permission to mobilize Rs. 78,452 Crores so far; Moreover, 21 other States and 2 Union Territories of Delhi and Jammu & Kashmir have requested for Option-1; Clarifies that ...