Telangana State opts for Option-1 to meet GST implementation shortfall, to receive Rs. 2380 crores

The Government of Telangana opts for Option 1 out of the two options suggested by the Ministry of Finance to meet shortfall in revenue arising out of GST implementation; The State will get Rs.2,380 Crores through special borrowing window and also permission to raise additional Rs.5,017 Crores through borrowings; Joins 22 other States and 3 UTs who have chosen Option-1 and the Government has already borrowed an amount of Rs.18,000 crores on behalf of the States in three instal...