Finance Ministry releases Rs 44,000 Cr today to States, UTs with legislature to compensate for GST

The Centre on Thursday released the balance of Rs 44,000 crore to states as a loan to compensate for the GST shortfall, taking the total amount to Rs 1.59 lakh crore this fiscal. This release of funds as back-to-back loans is in addition to the bi-monthly GST compensation being given out of cess collection.

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