GST shortfall: Centre to transfer Rs 6,000 crore to 16 states, 3 UTs

The government said that the loan would be passed on to the states/UTs at the same interest rate, which is lower than the cost of borrowings for the states and UTs, thus benefitting them. “Ministry of finance has facilitated loans of Rs 12,000 crore till date,” it added.

from Economy – The Financial Express https://ift.tt/3kRE3BF