Government of India has announced the sale (re-issue) of Government Stock through auctions to be held on March 12, 2021. The securities include 4.48% GS 2023 for Rs 4000 crore, GoI FRB 2033 for Rs 4000 crore and 6.22% GS 2035 for Rs 11000 crore. The underwriting auction will be conducted through multiple price-based method on March 12, 2021 (Friday).
PDs may submit their bids for ACU auction electronically through Core Banking Solution (E- Kuber) System between 9.00 A. M. and 9.30 A. M. on the date of underwriting auction.
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Highlights
Rs. 97,242.03 crore has released to the States.
Rs. 8,861.97 crore has been released to the 3 UTs with Legislative Assembly.
New Delhi: The Ministry of Finance, Department of Expenditure has released the 19th weekly instalment of Rs. 2,104 crore to the States to meet the GST compensation shortfall. Out of this, an amount of Rs. 2,103.95 crore has been released to 7 States and an amount of Rs. 0.05 crore has been released to the Union Territory of Puducherry.
Till now, 96 percent of the total estimated GST compensation shortfall has been released to the States & UTs with Legislative Assembly. Out of this, an amount of Rs. 97,242.03 crore has been released to the States and an amount of Rs. 8,861.97 crore has been released to the 3 UTs with Legislative Assembly.
Read more about 96% of GST compensation shortfall to states released so far, shows data on Business Standard. Under the special window, the Centre has been borrowing in Government Stock with a tenure of three years and five years on behalf of states
The Centre has released Rs 1.06 lakh crore to the states since October 2020 to meet GST compensation shortfall, the Finance Ministry said on Tuesday. The ministry has released the 19th weekly instalment of Rs 2,104 crore to 23 states and 3 Union Territories with Legislative Assembly (Delhi, Jammu & Kashmir & Puducherry), taking the total amount released so far under the special borrowing window set up in October last year to Rs 1.06 lakh crore. The remaining five states of Arunachal Pradesh, Manipur, Mizoram, Nagaland and Sikkim do not have a gap in revenue on account of Goods and Services Tax (GST) implementation. So far, an amount of Rs 1,06,104 crore has been borrowed by the Central Government through the special borrowing window at an weighted average interest rate of 4.8842 per cent, the ministry said in a statement.
GST compensation shortfall released to states reaches Rs 1 06 lakh crore timesnownews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timesnownews.com Daily Mail and Mail on Sunday newspapers.