FinMin tables Special Borrowing Window of Rs. 1.1 Lakh crore to meet compensation shortfall

Oct 15,2020

Pursuant to 42nd and 43rd GST Council meeting discussions on compensation shortfall, Ministry of Finance (MoF) announces Special Window of borrowing  of Rs. 1.1 Lakh crores for the States under Option-I; Specifies that under Option-I, the States are also eligible to carry forward their unutilised borrowing space to the next Financial Year; Clarifies that the estimated shortfall of Rs. 1.1 lakh cr (assuming all States join) will be borrowed by Government of Indi...

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