FinMin to release Rs. 6000 Cr. under Special Window to States, as second tranche

FinMin apprises that under its “Special Window to States for meeting the GST Compensation Cess shortfall”, it will be releasing Rs. 6000 Cr. (raised at a weighted average yield of 4.42 percent) as second tranche to 16 States and 3 Union Territories today; States that the amount shall be passed on to the States/UTs at the same interest rate, which is lower than the cost of borrowings for the States and UTs, thus benefiting them; Highlights that the loans raised by GoI are ...