Kerala’s borrowing limit enhanced to 5% of GSDP
Updated:
Updated:
June 11, 2021 14:59 IST
The Centre’s gesture is for showing progress in implementing four key institutional reforms, including seeding of ration cards with Aadhaar. The State can now take loans above ₹1 lakh crore
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Kerala Finance Minister K. N. Balagopal is to raise the States’ demand for extending the Goods and Service Tax (GST) compensation shortfall for another five years at the GST Council meeting on Saturday to take a call on reducing the GST for COVID vaccine.
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The Centre’s gesture is for showing progress in implementing four key institutional reforms, including seeding of ration cards with Aadhaar. The State can now take loans above ₹1 lakh crore
India News: NEW DELHI: The compensation period to states should be extended for another five years while their borrowing limit needs to be raised to 5% of GSDP (g.
In a letter to Union FM Nirmala Sitharaman, Mitra also sought that the compensation period be extended by five years beyond July 2022, which will provide stability to states finances currently reeling under the effects of Covid pandemic and cyclones Yaas and Taukte.