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Union Finance Minister Nirmala Sitharaman has agreed to release funds for Karnataka: Karnataka Home Minister Basavaraj Bommai

Union Finance Minister Nirmala Sitharaman has agreed to release funds for Karnataka: Karnataka Home Minister Basavaraj Bommai Union Finance Minister Nirmala Sitharaman has agreed to release funds for Karnataka: Karnataka Home Minister Basavaraj Bommai Agencies / Updated: Jul 3, 2021, 06:00 IST Union Finance Minister Nirmala central award schemes besides the pending GST compensation, Basavaraj Bommai said on Friday. According to Bommai, Sitharaman assured him that a balance amount of Rs 11,800 crore as GST compensation would be released. The Centre will provide this compensation by borrowing from the financial institutions. The State Home Minister said that he also requested Sitharaman to release the first installment of the state’s share in the GST collected in the first quarter of the current fiscal.

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