West Bengal and Kerala have accepted the Centre’s proposal to meet the shortfall in revenue to compensate States for implementing the Goods and Services Tax (GST) through a special borrowing window. “Kerala and West Bengal will get ₹10,197 crore through the special borrowing window to meet the GST implementation shortfall and permission to raise an additional ₹11,309 crore through borrowings,” the Finance Ministry said. The development comes a day after West Bengal Chief Minister Mamata Banerjee raised the issue at a meeting with Prime Minister Narendra Modi. Kerala had earlier planned to take legal recourse against the Centre’s solution on the GST compensation impasse after a consensus proved elusive in the GST Council.
A letter from the Editor
Dear reader,We have been keeping you up-to-date with information on the developments in India and the world that have a bearing on our health and wellbeing, our lives and livelihoods, during these difficult times. To enable wide dissemination of news that is in public interest, we have increased the number of articles that can be read free, and extended free trial periods. However, we have a request for those who can afford to subscribe: please do. As we fight disinformation and misinformation, and keep apace with the happenings, we need to commit greater resources to news gathering operations. We promise to deliver quality journalism that stays away from vested interest and political propaganda.
Support Quality Journalism
A letter from the Editor
Dear subscriber,Thank you!Your support for our journalism is invaluable. It’s a support for truth and fairness in journalism. It has helped us keep apace with events and happenings.The Hindu has always stood for journalism that is in the public interest. At this difficult time, it becomes even more important that we have access to information that has a bearing on our health and well-being, our lives, and livelihoods. As a subscriber, you are not only a beneficiary of our work but also its enabler.We also reiterate here the promise that our team of reporters, copy editors, fact-checkers, designers, and photographers will deliver quality journalism that stays away from vested interest and political propaganda.Suresh Nambath
