A- A A+
Last Updated : Feb 26 2021 9:46PM     Screen Reader Access
News Highlights
EC announces schedule for Assembly elections in W Bengal, Assam, Tamil Nadu, Kerala, Puducherry            Farmers, processing units, MSMEs & Start Ups will be real drivers of Atmanirbhar Bharat: PM Modi            India's economy grows 0.4 % in Oct-Nov            Preparations underway for next phase of COVID-19 vaccination for citizens over 60 years & above 45 years with comorbidities            MHA extends COVID Guidelines for Surveillance, Containment, Caution till 31st of March           

Business News

Jan 04, 2021

Finance Ministry releases weekly instalment of Rs 6,000 crore to states to meet GST compensation shortfall

File Pic
The Ministry of Finance has released the 10th weekly installment of six thousand  crore rupees to the states to meet the GST compensation shortfall.

Out of this, an amount of over five thousand 516 crore and 60 lakh rupees has been released to 23 States while an amount of 483 crore and 40 lakh to the three Union Territories of Delhi, Jammu and Kashmir and Puducherry. The  remaining five States- Arunachal Pradesh, Manipur, Mizoram, Nagaland and Sikkim do not have a gap in revenue on account of GST implementation.

Now, more than 50 per cent of the estimated GST compensation shortfall has been released to the States and UTs with the Legislative Assembly. The Finance Ministry in a statement said that the government had set up a special borrowing window in October, 2020 to meet the estimated shortfall of 1.10 lakh crore rupees  in revenue arising on account of implementation of GST. The borrowings are being done through this window by the Central Government on behalf of the States and UTs.

The amount released this week was the 10th installment of such funds provided to the States. The amount has been borrowed this week at an interest rate of 4.1526 per cent. So far, an amount of 60 thousand crore rupees has been borrowed by the Central Government. It said, this is in addition to additional borrowing permission of one lakh six thousand 830 crore rupees granted to the states.

   Related News

Live Twitter Feed

Listen News

Morning News 26 (Feb) Midday News 26 (Feb) Evening News 26 (Feb) Hourly 26 (Feb) (1800hrs)
समाचार प्रभात 26 (Feb) दोपहर समाचार 26 (Feb) समाचार संध्या 26 (Feb) प्रति घंटा समाचार 26 (Feb) (1900hrs)
Khabarnama (Mor) 26 (Feb) Khabrein(Day) 26 (Feb) Khabrein(Eve) 26 (Feb)
Aaj Savere 26 (Feb) Parikrama 26 (Feb)

Listen Programs

Market Mantra 26 (Feb) Samayki 1 (Jan) Sports Scan 26 (Feb) Spotlight/News Analysis 26 (Feb) Employment News 26 (Feb) रोजगार समाचार 26 (Feb) World News 25 (Feb) Samachar Darshan 22 (Mar) Radio Newsreel 21 (Mar)
    Public Speak

    Country wide 12 (Mar) Surkhiyon Mein 26 (Feb) Charcha Ka Vishai Ha 11 (Mar) Vaad-Samvaad 17 (Mar) Money Talk 17 (Mar) Current Affairs 6 (Mar) Sanskrit Saptahiki 20 (Feb) North East Diary 25 (Feb)