Chhattisgarh opts for special window for GST compensation; Jharkhand left

Now all states, except Jharkhand, have opted for Centre's borrowing options.

Chhattisgarh has become the latest state to opt for the special window created to meet the shortfall in the goods and services tax (GST) collections, leaving only Jharkhand to have not opted for Centre's proposal. 

With this, the state has also got permission to borrow Rs 1,792 crore from markets which constitutes 0.5 per cent of its gross state domestic product (GSDP). Besides, it will get Rs 3,109 crore through a special borrowing window to meet the GST implementation shortfall.

Under this window, Centre will borrow Rs 1.1 trillion and issue back to back loans to states and union territories,