More Than Half Of India’s State Governments Choose Rs 97,000-Crore Borrowing Option  To Meet GST Shortfall
A cardboard cut-out of Indian Prime Minister Narendra Modi, accompanied by a message that reads “GST, The Youth Welcomes Change Of An Era, The New Power Of Economy,” stands in New Delhi, India. (Photographer: Anindito Mukherjee/Bloomberg)

More Than Half Of India’s State Governments Choose Rs 97,000-Crore Borrowing Option To Meet GST Shortfall

Bookmark
As many as 21 states and union territories have told the central government they prefer to borrow Rs 97,000 crore this year from a special window of the central bank to cover the shortfall in payme...