West Bengal opts for Rs 1.1 lakh crore borrowing option to meet GST compensation shortfall

West Bengal opts for Rs 1.1 lakh crore borrowing option to meet GST compensation shortfall

West Bengal finance minister Amit Mitra has written to Union finance minister Nirmala Sitharaman saying that the state will take the option due to acute fiscal stress on the state’s finances. He also sought that the GST Council meeting be convened at the earliest to discuss the alternative borrowing mechanism.

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