Wednesday, November 30th, 2022 09:52:13

Centre will facilitate borrowings for States: FM

Updated: October 13, 2020 11:34 am

Finance Minister Nirmala Sitharaman has said that the Centre will facilitate borrowings for the States which want to go ahead with its proposed borrowing options against the future GST collections.

The move which aims at compensating the States for their GST revenue shortfall amid the global pandemic has been supported by the majority of the finance ministers of the States and Union territories.

Briefing media in New Delhi after the 43rd GST Council meeting on Monday, Ms. Sitharaman informed that 21 States and Union Territories have agreed to borrow money on their own but a complete consensus on the matter is still awaited.

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