Central Government borrows and transfers 6,000 crore as first tranche to 16 States on account of GST compensation under Special Borrowing Window

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....entral Government borrows and transfers 6,000 crore as first tranche to 16 States on account of GST compensation under Special Borrowing Window <br>GST<br>Dated:- 23-10-2020<br><BR>The Government of I....

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....ndia has evolved a special borrowing window to addressthe shortfall in the GST collection during the year 2020 - 2021. 21 States and 2 Union Territories opted for this special window involving back-to....

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....-back borrowing coordinated by the Ministry of Finance. Out of these, five States did not have any shortfall on account of GST compensation. Today, the Central Government borrowed and transferred &#8....

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....377; 6,000crores as first tranche to 16 States namely Andhra Pradesh, Assam, Bihar, Goa, Gujarat, Haryana, Himachal Pradesh, Karnataka, Madhya Pradesh, Maharashtra, Meghalaya, Odisha, Tamil Nadu, Trip....

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....ura, Uttar Pradesh, Uttarakhandand 2 Union Territories: UT of Delhi and UT of Jammu and Kashmir. The borrowing is at an interest rate of 5.19 percent.It is intended to make weekly releases of &#8377;....

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.... 6,000 croreto the States.Tenor of borrowing is expected to be broadly in the range of 3 to 5 years.<BR> News - Press release - PIB....