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Centre releases Rs 6,000 crore to states as GST compensation

The Union Finance Ministry on Friday said it has released the 13th weekly instalment of Rs 6,000 crore to 23 states and three Union Territories (UTs) to meet the GST compensation shortfall. ....

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Centre releases Rs 1.06 trn GST compensation shortfall to states since Oct


The Centre has released Rs 1.06 lakh crore to the states since October 2020 to meet GST compensation shortfall, the Finance Ministry said on Tuesday.
The ministry has released the 19th weekly instalment of Rs 2,104 crore to 23 states and 3 Union Territories with Legislative Assembly (Delhi, Jammu & Kashmir & Puducherry), taking the total amount released so far under the special borrowing window set up in October last year to Rs 1.06 lakh crore.
The remaining five states of Arunachal Pradesh, Manipur, Mizoram, Nagaland and Sikkim do not have a gap in revenue on account of Goods and Services Tax (GST) implementation.
So far, an amount of Rs 1,06,104 crore has been borrowed by the Central Government through the special borrowing window at an weighted average interest rate of 4.8842 per cent, the ministry said in a statement. ....

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