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Govt releases 9th instalment to meet GST shortfall

The finance ministry on Monday released the ninth instalment of Rs 6,000 crore to the states to meet GST compensation shortfall, taking the total amount of fund released to Rs 54,000 crore. The Centre had set up a special borrowing window in October 2020 to meet the estimated shortfall of Rs 1.10 lakh crore in revenue arising on account of implementation of GST.Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News

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