The Telangana Government has accepted Centre’s borrowing proposal to meet GST revenue shortfall and will be receiving ₹2,380 crore through the special window, reported Livemint.
According to Livemint, the State government announced that it has accepted Option 1 on Tuesday, 17 November.
This development means that Telangana has now joined 22 other states and three Union Territories, on behalf of whom the Centre had already borrowed ₹18,000 crore, in opting for Option 1, reported Livemint, citing the Ministry of Finance.
Other states and UT’s which have opted for Option 1 are:
Rajasthan on Thursday, 5 November, became the first Congress-ruled state to opt for Option 1 of the borrowing plan to meet the GST Compensation shortfall.
(With inputs from Livemint)
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