GST shortfall: RBI#39;s concerns, Kerala#39;s legal action threat prompt Centre to borrow on behalf of states

The Finance Ministry said that it would borrow Rs 1.1 lakh crore and give that amount as loan to states under a special borrowing window, rather than states do it on their own. A legal battle with states is something the political leadership wanted to avoid with regards to the GST Council, sources told Moneycontrol.

from Moneycontrol Economy News https://www.moneycontrol.com/news/economy/gst-shortfall-rbi39s-concerns-kerala39s-legal-action-threat-prompt-centre-to-borrowbehalfstates_14373021.html
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