Finance Ministry announces release of weekly instalment of Rs. 6,000 crore to States

The Ministry of Finance releases the 6th instalment of Rs.6,000 crore to the States as back to back loan to meet the GST compensation shortfall; A total amount of Rs.36,000 crore has been released so far which is in addition to additional borrowing permission of Rs.1,06,830 crore granted to the States; Clarifies that out of this, an amount of Rs. 5,516.60 crore has been released to 23 States and an amount of Rs.483.40 crore has been released to the 3 Union Territories (UT) wi...