 "GST shortfall: Puducherry accepts Centre’s compensation proposal")
Puducherry is the latest among the dissenting states and Union Territories (UTs) to have accepted the Centre’s proposal of borrowing Rs 1.1 trillion to make up for the shortfall in goods and services tax (GST) collection. This came even as the Centre released the second tranche of payments on Monday.
The ministry of finance borrowed and transferred the second installment of Rs 6,000 crore to 16 states and three UTs under a special borrowing window. The loans raised by the Centre have been released on a back-to-back basis.
However, seven dissenting states — including Kerala, West Bengal, Punjab and Jharkhand — have
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