https://www.taxtmi.com/news?id=23464 The central government released an eighth weekly instalment of back-to-back loans through a special borrowing window to meet GST compensation shortfalls, passing funds to 23 States and three Union Territories while five States reported no gap. The latest tranche was raised at an interest rate of 4.1902%, contributing to an aggregate borrowing of forty-eight thousand crore at an average interest rate of 4.6986%. Additionally, permission to borrow an amount equivalent to 0.50% of GSDP was granted to 28 States under the prescribed option to address the compensation shortfall. en-us Mon, 21 Dec 2020 14:33:50 +0530 Mon, 21 Dec 2020 14:33:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=23464 The central government released an eighth weekly instalment of back-to-back loans through a special borrowing window to meet GST compensation shortfalls, passing funds to 23 States and three Union Territories while five States reported no gap. The latest tranche was raised at an interest rate of 4.1902%, contributing to an aggregate borrowing of forty-eight thousand crore at an average interest rate of 4.6986%. Additionally, permission to borrow an amount equivalent to 0.50% of GSDP was granted to 28 States under the prescribed option to address the compensation shortfall. News - Mon, 21 Dec 2020 14:33:50 +0530 https://www.taxtmi.com/news?id=23464