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The Finance Ministry had earlier released Rs 75,000 crore in October and Rs 40,000 Crore in July. Till date, accounting the latest amount, it has released a total of Rs 1.59 lakh crore in the current fiscal year.
The Centre released the balance of Rs 44,000 crore to states as a loan to compensate for the GST shortfall on Thursday, October 28.
Govt releases Rs 40K cr to states to meet GST shortfall
Read more about More misses than hits on Business Standard. GST Council should have addressed pressing issues
He is the second State Minister in last 10 days to raise issue There is an urgent need to call a meeting of the GST Council, especially with the brutal second wave that is likely to severely hit the economy, West Bengal Finance Minister Amit Mitra said in a letter to Union Finance Minister Nirmala Sitharaman on Thursday. The council has not met since the virtual meeting it held in October last year. Mr. Mitra is the second State Finance Minister to raise the issue in the 10 ten days. In a letter to Ms. Sitharaman, Punjab Finance Minister Manpreet Singh Badal made a similar demand on May 5.