State of Rajasthan opts for Option-1, GoI allows additional borrowing of Rs.5462 Crores

Central Government publicizes that the State of Rajasthan has opted for Option-1 to meet the shortfall in revenue arising out of GST implementation and has joined 21 other States and 3 Union Territories who also have chosen Option-1; On receipt of such acceptance from State of Rajasthan, the GoI has today granted the aforesaid State additional borrowing permission of Rs.5,462 crores (0.5% of Rajasthan’s GSDP); Explains that the States who choose Option-1 are getting the amo...