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<h1>Ministry of Finance Releases 16th Instalment of Rs. 5,000 Crore to Address GST Compensation Shortfall for States.</h1> The Ministry of Finance has released the 16th instalment of Rs. 5,000 crore to states to address the GST compensation shortfall, totaling Rs. 95,000 crore so far. This includes Rs. 4,597.16 crore for 23 states and Rs. 402.84 crore for three Union Territories with legislative assemblies. Five states have no GST revenue gap. The government set up a borrowing window in October 2020 to cover a Rs. 1.10 lakh crore shortfall, with borrowings at an average interest rate of 4.7831%. Additionally, states have been granted borrowing permission equivalent to 0.50% of their Gross State Domestic Product to mobilize further financial resources.