{"id":22541,"date":"2020-12-14T20:22:32","date_gmt":"2020-12-14T14:52:32","guid":{"rendered":"https:\/\/newsmakhani.com\/?p=22541"},"modified":"2020-12-14T20:22:32","modified_gmt":"2020-12-14T14:52:32","slug":"rs-6000-crore-released-to-the-states-as-back-to-back-loan-to-meet-the-gst-compensation-shortfall","status":"publish","type":"post","link":"https:\/\/newsnarad.com\/hi\/rs-6000-crore-released-to-the-states-as-back-to-back-loan-to-meet-the-gst-compensation-shortfall\/","title":{"rendered":"Rs.6,000 crore released to the States as back to back loan to meet the GST compensation shortfall"},"content":{"rendered":"

\u0915\u094d\u0937\u092e\u093e \u0915\u0930\u0947\u0902, \u092f\u0939 \u0938\u092e\u093e\u091a\u093e\u0930 \u0906\u092a\u0915\u0947 \u0905\u0928\u0941\u0930\u094b\u0927 \u0915\u0940 \u092d\u093e\u0937\u093e \u092e\u0947\u0902 \u0909\u092a\u0932\u092c\u094d\u0927 \u0928\u0939\u0940\u0902 \u0939\u0948\u0964 \u0915\u0943\u092a\u092f\u093e \u092f\u0939\u093e\u0901 \u0926\u0947\u0916\u0947\u0902\u0964<\/a><\/p>

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Rs.6,000 crore released to the States as back to back loan to meet the GST compensation shortfall<\/h3>\n

The Ministry of Finance has released the 7th<\/sup>\u00a0weekly 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 3 Union Territories (UT) with Legislative Assembly (Delhi, Jammu & Kashmir & 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.<\/span><\/p>\n<\/div>\n

The Government of India 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. The borrwoings are being done through this window by the Government of India on behalf of the States and UTs.\u00a0 The borrowings have been done in 7 rounds. The amount borrowed so far was released to the States on 23rd<\/sup>\u00a0October, 2020, 2nd<\/sup>\u00a0November, 2020, 9th<\/sup>\u00a0November, 2020, 23rd<\/sup>\u00a0November, 2020, 1st<\/sup>\u00a0December, 2020, 7th<\/sup>\u00a0December, 2020 and 14th<\/sup>\u00a0December, 2020.<\/p>\n

The amount released this week was the 7th<\/sup>\u00a0instalment of such funds provided to the States. The amount has been borrowed this week at an interest rate of 5.1348%.\u00a0 So far, an amount of Rs.42,000 crore has been borrowed by the Central Government through the special borrowing window at an average interest rate of 4.7712%.\u00a0<\/strong><\/p>\n

In addition to providing funds through the special borrowing window to solve the shortfall in revenue on account of GST implementation, the Government of India has also granted additional borrowing permission equivalent to 0.50 % of Gross States Domestic Product (GSDP) to the states choosing Option-I to meet GST compensation shortfall to help them in mobilizing additional financial resources. All the States have been given their preference for Option-I. Permission for borrowing the entire additional amount of Rs.1,06,830 crore (0.50 % of GSDP) has been granted to 28 States under this provision.<\/p>\n

The amount of additional borrowing permission granted to 28 States and the amount of funds raised from special window and given to the States and Union Territories so far is annexed.<\/strong><\/p>\n

State wise additional borrowing of 0.50 percent of GSDP allowed and amount of funds raised through special window passed on to the States\/UTs till 14.12.2020<\/strong><\/p>\n

(Rs. in Crore)<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
S. No.<\/strong><\/td>\nName of State \/ UT<\/strong><\/td>\nAdditional borrowing of 0.50 percent allowed to States<\/strong><\/td>\nAmount of fund raised through special window passed on to the States\/ UTs<\/strong><\/td>\n<\/tr>\n
1<\/td>\nAndhra Pradesh<\/td>\n5051<\/td>\n1055.79<\/td>\n<\/tr>\n
2<\/td>\nArunachal Pradesh*<\/td>\n143<\/td>\n0.00<\/td>\n<\/tr>\n
3<\/td>\nAssam<\/td>\n1869<\/td>\n454.36<\/td>\n<\/tr>\n
4<\/td>\nBihar<\/td>\n3231<\/td>\n1783.74<\/td>\n<\/tr>\n
5<\/td>\nChhattisgarh<\/td>\n1792<\/td>\n338.52<\/td>\n<\/tr>\n
6<\/td>\nGoa<\/td>\n446<\/td>\n383.66<\/td>\n<\/tr>\n
7<\/td>\nGujarat<\/td>\n8704<\/td>\n4212.94<\/td>\n<\/tr>\n
8<\/td>\nHaryana<\/td>\n4293<\/td>\n1988.26<\/td>\n<\/tr>\n
9<\/td>\nHimachal Pradesh<\/td>\n877<\/td>\n784.43<\/td>\n<\/tr>\n
10<\/td>\nJharkhand<\/td>\n1765<\/td>\n183.90<\/td>\n<\/tr>\n
11<\/td>\nKarnataka<\/td>\n9018<\/td>\n5668.31<\/td>\n<\/tr>\n
12<\/td>\nKerala<\/td>\n4,522<\/td>\n956.04<\/td>\n<\/tr>\n
13<\/td>\nMadhya Pradesh<\/td>\n4746<\/td>\n2075.07<\/td>\n<\/tr>\n
14<\/td>\nMaharashtra<\/td>\n15394<\/td>\n5472.11<\/td>\n<\/tr>\n
15<\/td>\nManipur*<\/td>\n151<\/td>\n0.00<\/td>\n<\/tr>\n
16<\/td>\nMeghalaya<\/td>\n194<\/td>\n51.09<\/td>\n<\/tr>\n
17<\/td>\nMizoram*<\/td>\n132<\/td>\n0.00<\/td>\n<\/tr>\n
18<\/td>\nNagaland*<\/td>\n157<\/td>\n0.00<\/td>\n<\/tr>\n
19<\/td>\nOdisha<\/td>\n2858<\/td>\n1746.13<\/td>\n<\/tr>\n
20<\/td>\nPunjab<\/td>\n3033<\/td>\n1385.96<\/td>\n<\/tr>\n
21<\/td>\nRajasthan<\/td>\n5462<\/td>\n1408.42<\/td>\n<\/tr>\n
22<\/td>\nSikkim*<\/td>\n156<\/td>\n0.00<\/td>\n<\/tr>\n
23<\/td>\nTamil Nadu<\/td>\n9627<\/td>\n2851.46<\/td>\n<\/tr>\n
24<\/td>\nTelangana<\/td>\n5017<\/td>\n559.02<\/td>\n<\/tr>\n
25<\/td>\nTripura<\/td>\n297<\/td>\n103.50<\/td>\n<\/tr>\n
26<\/td>\nUttar Pradesh<\/td>\n9703<\/td>\n2744.29<\/td>\n<\/tr>\n
27<\/td>\nUttarakhand<\/td>\n1405<\/td>\n1058.28<\/td>\n<\/tr>\n
28<\/td>\nWest Bengal<\/td>\n6787<\/td>\n734.68<\/td>\n<\/tr>\n
 <\/td>\nTotal (A):<\/strong><\/td>\n106830<\/strong><\/td>\n37999.96<\/strong><\/td>\n<\/tr>\n
1<\/td>\nDelhi<\/td>\nNot applicable<\/td>\n2679.39<\/td>\n<\/tr>\n
2<\/td>\nJammu & Kashmir<\/td>\nNot applicable<\/td>\n1037.91<\/td>\n<\/tr>\n
3<\/td>\nPuducherry<\/td>\nNot applicable<\/td>\n282.74<\/td>\n<\/tr>\n
 <\/td>\nTotal (B):<\/strong><\/td>\nNot applicable<\/strong><\/td>\n4000.04<\/strong><\/td>\n<\/tr>\n
 <\/td>\nGrand Total (A+B)<\/strong><\/td>\n106830<\/strong><\/td>\n42000.00<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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\u0915\u094d\u0937\u092e\u093e \u0915\u0930\u0947\u0902, \u092f\u0939 \u0938\u092e\u093e\u091a\u093e\u0930 \u0906\u092a\u0915\u0947 \u0905\u0928\u0941\u0930\u094b\u0927 \u0915\u0940 \u092d\u093e\u0937\u093e \u092e\u0947\u0902 \u0909\u092a\u0932\u092c\u094d\u0927 \u0928\u0939\u0940\u0902 \u0939\u0948\u0964 \u0915\u0943\u092a\u092f\u093e \u092f\u0939\u093e\u0901 \u0926\u0947\u0916\u0947\u0902\u0964 Rs.6,000 crore released to the States as back to back loan to meet the GST compensation shortfall The Ministry of Finance has released the 7th\u00a0weekly instalment of Rs.6,000 crore to the States to meet the GST compensation shortfall. Out of […]<\/p>\n","protected":false},"author":6,"featured_media":22542,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[122],"tags":[12874,12873],"class_list":["post-22541","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news","tag-000-crore-released-to-the-states-as-back-to-back-loan-to-meet-the-gst-compensation-shortfall","tag-rs-6"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t