Take a fresh look at your lifestyle.

Good News for Telangana Centre grants additional borrowing permission of Rs 5,017 cr

Good News for Telangana Centre grants additional borrowing permission of Rs 5,017 cr

Telangana has communicated its acceptance for Option-1 out of the two options suggested by the Finance Ministry to meet the shortfall in revenue arising out of GST implementation. The state has now joined 22 other states and 3 Union Territories who have opted for this option.

On receipt of the choice of Option-1 from Telangana, Centre today granted Telangana additional borrowing permission of 5,017 crore rupees.

The states who choose Option-1 are getting the amount of shortfall arising out of GST implementation through a special borrowing window put in place by the Centre. The window has been operationalised now and the Union Government already borrowed an amount of 18 thousand crore rupees on behalf of the states in three installments and has passed it on to 22 States and 3 Union Territories.

Now, Telangana government will receive funds raised through this window. The next installment of borrowings is likely to be released on 23rd of this month.

Leave A Reply

Your email address will not be published.

If you're looking for a fun and exciting new casino destination, look no further than Pin Up Casino India! Our online casino https://pinupcasino-india.in offers players a wide range of games to choose from, as well as some great bonus offers. We know that Indian players are looking for the best online gaming experience, and we are committed to providing just that! So come join us at Pin Up Casino India today and see what all the fuss is about!