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

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...
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