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Telangana completes urban local bodies reforms; gets nod for Rs 2,508 cr additional borrowings

Telangana completes urban local bodies reforms; gets nod for Rs 2,508 cr additional borrowings SECTIONS Last Updated: Jan 07, 2021, 07:41 PM IST Share Synopsis The permission for mobilising additional financial resources of Rs 2,508 crore through Open Market Borrowings was issued by Department of Expenditure under Ministry of Finance on Thursday. Agencies Total additional borrowing permission issued so far to the states that have done the refoms stands at Rs 54,190 crore, as per the statement. The government granted additional borrowing permission of Rs 2,508 crore to Telangana for completing the urban local body (ULB) reforms, a finance ministry statement said on Thursday. This makes Telangana the third state after Andhra Pradesh and Madhya Pradesh to achieve the ULB reforms, taking the total additional borrowing granted to them to Rs 7,406 crore.

Centre releases 9th instalment of GST compensation payment

Centre releases 9th instalment of GST compensation payment
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Centre releases Rs 6K cr loan to states to meet GST compensation shortfall

Centre releases Rs 6K cr loan to states to meet GST compensation shortfall ​ By IANS | Published on ​ Mon, Dec 28 2020 19:21 IST | ​ 0 Views GST.. Image Source: IANS News New Delhi, Dec 28 : The Finance Ministry has released the ninth weekly instalment of Rs 6,000 crore to the states to meet the GST compensation shortfall. Out of this, an amount of Rs 5,516.60 crore has been released to 23 states and an amount of Rs 483.40 crore has been released to the three Union Territories (UT) with Legislative Assembly (Delhi, Jammu & Kashmir and Puducherry) who are members of the GST Council. The remaining 5 states Arunachal Pradesh, Manipur, Mizoram, Nagaland and Sikkim do not have a gap in revenue on account of GST implementation.

Finance Ministry releases weekly instalment of Rs 6,000 cr to meet GST shortfall

Finance Ministry releases weekly instalment of Rs 6,000 cr to meet GST shortfall SECTIONS Last Updated: Dec 28, 2020, 08:38 PM IST Share Synopsis The Finance Ministry on Monday released the ninth instalment of Rs 6,000 crore to the states to meet GST compensation shortfall, taking the total amount of fund released to Rs 54,000 crore. Agencies The Finance Ministry on Monday released the ninth instalment of Rs 6,000 crore to the states to meet GST compensation shortfall, taking the total amount of fund released to Rs 54,000 crore. The Centre had set up a special borrowing window in October 2020 to meet the estimated shortfall of Rs 1.10 lakh crore in revenue arising on account of implementation of GST.

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