{"id":83078,"date":"2021-07-15T18:53:25","date_gmt":"2021-07-15T13:23:25","guid":{"rendered":"https:\/\/newsmakhani.com\/?p=83078"},"modified":"2021-07-15T18:53:25","modified_gmt":"2021-07-15T13:23:25","slug":"75000-crore-released-to-states-and-uts-with-legislature-as-gst-compensation-shortfall","status":"publish","type":"post","link":"https:\/\/newsnarad.com\/hi\/75000-crore-released-to-states-and-uts-with-legislature-as-gst-compensation-shortfall\/","title":{"rendered":"75,000 crore released to States and UTs with Legislature as 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>

<\/p>\n

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Almost 50 % of the total shortfall for the entire year released in a single instalment<\/p>\n

<\/span><\/h4>\n<\/div>\n

DELHI : 15 JUL 2021<\/strong><\/div>\n
<\/div>\n

Ministry of Finance has released today \u20b975,000 crore to the States and UTs with Legislature under the back-to-back loan facility in lieu of GST Compensation.<\/strong>\u00a0\u00a0This release is in addition to normal GST compensation being released every 2 months out of actual cess collection.<\/strong><\/p>\n

Subsequent to the 43rd<\/sup>\u00a0GST Council Meeting held on 28.05.2021, it was decided that the Central Government would borrow \u20b91.59 lakh crore and release it to States and UTs with Legislature on a back-to-back basis to meet the resource gap due to the short release of Compensation on account of inadequate amount in the Compensation Fund.<\/strong>\u00a0This amount is as per the principles adopted for a similar facility in FY 2020-21, where an amount of \u20b91.10 lakh crore was released to States under a similar arrangement.<\/strong>\u00a0This amount of \u20b91.59 lakh crore would be over and above the compensation in excess of \u20b91 lakh crore(based on cess collection) that is estimated to be released to States\/UTs with Legislature during this financial year.\u00a0The sum total of \u20b92.59 lakh crore is expected to exceed the amount of GST compensation accruing in FY 2021-22.<\/strong><\/p>\n

All eligible States and UTs (with Legislature) have agreed to the arrangements of funding of the compensation shortfall under the back-to-back loan facility.\u00a0 For effective response and management of COVID-19 pandemic and a step-up in capital expenditure all States and UTs have a very important role to play. For assisting the States\/UTs in their endeavour, Ministry of Finance has frontloaded the release of assistance under the back-to-back loan facility during FY 2021-22 \u20b975, 000\u00a0crore (almost 50 % of the total shortfall for the entire year)<\/strong>\u00a0released today in a single instalment. The balance amount will be released in the second half of 2021-22 in steady instalments.<\/p>\n

The release of \u20b975,000 crore being made now is funded from borrowings of GoI in 5-year securities, totalling \u20b968,500 crore and 2-year securities for \u20b96,500 crore issued in the current financial year, at a Weighted Average Yield of 5.60 and 4.25 percent per annum respectively.\u00a0<\/strong><\/p>\n

It is expected that this release will help the States\/UTs in planning their public expenditure among other things, for improving, health infrastructure and taking up infrastructure projects.<\/p>\n

 <\/p>\n

State\/ UTs wise amount released as \u201cBack to Back Loan in lieu of GST Compensation Shortfall\u201d on 15.07.2021<\/strong><\/p>\n

\u00a0(in Rs. Crore)<\/strong><\/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
Sl. No.<\/strong><\/td>\nName of the State\/ UTs<\/strong><\/td>\nGST Compensation shortfall released<\/strong><\/td>\n<\/tr>\n
5 year tenor<\/strong><\/td>\n2 year tenor<\/strong><\/td>\nTotal<\/strong><\/td>\n<\/tr>\n
1.<\/td>\nAndhra Pradesh<\/td>\n1409.67<\/td>\n133.76<\/td>\n1543.43<\/td>\n<\/tr>\n
2.<\/td>\nAssam<\/td>\n764.29<\/td>\n72.52<\/td>\n836.81<\/td>\n<\/tr>\n
3.<\/td>\nBihar<\/td>\n2936.53<\/td>\n278.65<\/td>\n3215.18<\/td>\n<\/tr>\n
4.<\/td>\nChhattisgarh<\/td>\n2139.06<\/td>\n202.98<\/td>\n2342.04<\/td>\n<\/tr>\n
5.<\/td>\nGoa<\/td>\n364.91<\/td>\n34.63<\/td>\n399.54<\/td>\n<\/tr>\n
6.<\/td>\nGujarat<\/td>\n5618.00<\/td>\n533.10<\/td>\n6151.10<\/td>\n<\/tr>\n
7.<\/td>\nHaryana<\/td>\n3185.55<\/td>\n302.28<\/td>\n3487.83<\/td>\n<\/tr>\n
8.<\/td>\nHimachal Pradesh<\/td>\n1161.08<\/td>\n110.18<\/td>\n1271.26<\/td>\n<\/tr>\n
9.<\/td>\nJharkhand<\/td>\n1070.18<\/td>\n101.55<\/td>\n1171.73<\/td>\n<\/tr>\n
10.<\/td>\nKarnataka<\/td>\n7801.86<\/td>\n740.31<\/td>\n8542.17<\/td>\n<\/tr>\n
11.<\/td>\nKerala<\/td>\n3765.01<\/td>\n357.26<\/td>\n4122.27<\/td>\n<\/tr>\n
12.<\/td>\nMadhya Pradesh<\/td>\n3020.54<\/td>\n286.62<\/td>\n3307.16<\/td>\n<\/tr>\n
13.<\/td>\nMaharashtra<\/td>\n5937.68<\/td>\n563.43<\/td>\n6501.11<\/td>\n<\/tr>\n
14.<\/td>\nMeghalaya<\/td>\n60.75<\/td>\n5.76<\/td>\n66.51<\/td>\n<\/tr>\n
15.<\/td>\nOdisha<\/td>\n2770.23<\/td>\n262.87<\/td>\n3033.10<\/td>\n<\/tr>\n
16.<\/td>\nPunjab<\/td>\n5226.81<\/td>\n495.97<\/td>\n5722.78<\/td>\n<\/tr>\n
17.<\/td>\nRajasthan<\/td>\n3131.26<\/td>\n297.13<\/td>\n3428.39<\/td>\n<\/tr>\n
18.<\/td>\nTamil Nadu<\/td>\n3487.56<\/td>\n330.94<\/td>\n3818.50<\/td>\n<\/tr>\n
19.<\/td>\nTelangana<\/td>\n1968.46<\/td>\n186.79<\/td>\n2155.25<\/td>\n<\/tr>\n
20.<\/td>\nTripura<\/td>\n172.76<\/td>\n16.39<\/td>\n189.15<\/td>\n<\/tr>\n
21.<\/td>\nUttar Pradesh<\/td>\n3506.94<\/td>\n332.78<\/td>\n3839.72<\/td>\n<\/tr>\n
22.<\/td>\nUttarakhand<\/td>\n1435.95<\/td>\n136.26<\/td>\n1572.21<\/td>\n<\/tr>\n
23.<\/td>\nWest Bengal<\/td>\n2768.07<\/td>\n262.66<\/td>\n3030.73<\/td>\n<\/tr>\n
24.<\/td>\nUT of Delhi<\/td>\n2668.12<\/td>\n253.18<\/td>\n2921.30<\/td>\n<\/tr>\n
25.<\/td>\nUT of Jammu & Kashmir<\/td>\n1656.54<\/td>\n157.19<\/td>\n1813.73<\/td>\n<\/tr>\n
26.<\/td>\nUT of Puducherry<\/td>\n472.19<\/td>\n44.81<\/td>\n517.00<\/td>\n<\/tr>\n
 <\/td>\nTotal:<\/strong><\/td>\n68500<\/strong>.00<\/strong><\/td>\n6500<\/strong>.00<\/strong><\/td>\n75000<\/strong>.00<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/p>","protected":false},"excerpt":{"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 Almost 50 % of the total shortfall for the entire year released in a single instalment DELHI : 15 JUL 2021 Ministry of Finance has released today \u20b975,000 crore to the States and UTs with Legislature under the back-to-back loan […]<\/p>\n","protected":false},"author":12,"featured_media":67947,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[109,122],"tags":[371,45221],"class_list":["post-83078","post","type-post","status-publish","format-standard","has-post-thumbnail","category-national","category-news","tag-gst","tag-states-and-uts-with-legislature-as-gst"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsnarad.com\/hi\/wp-json\/wp\/v2\/posts\/83078","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsnarad.com\/hi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsnarad.com\/hi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsnarad.com\/hi\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/newsnarad.com\/hi\/wp-json\/wp\/v2\/comments?post=83078"}],"version-history":[{"count":0,"href":"https:\/\/newsnarad.com\/hi\/wp-json\/wp\/v2\/posts\/83078\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsnarad.com\/hi\/wp-json\/wp\/v2\/media\/67947"}],"wp:attachment":[{"href":"https:\/\/newsnarad.com\/hi\/wp-json\/wp\/v2\/media?parent=83078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsnarad.com\/hi\/wp-json\/wp\/v2\/categories?post=83078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsnarad.com\/hi\/wp-json\/wp\/v2\/tags?post=83078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}