K'taka picks no-debt option to bridge GST gap

BJP-ruled Karnataka said on Wednesday that it has decided to go with the first of two options offered by the Centre on borrowing to meet the shortfall in GST revenues. Under this, the state will be eligible for total compensation of Rs 18,289 crore for the period between April 2020 and January 2021.

from Bangalore News: Latest Bangalore News Headlines & Live News Updates from Bangalore - Times of India https://ift.tt/2YZJzcp