<span style="color: #222222;">The Ministry of Finance will be releasing an amount of Rs. 6,000 crore&nbsp;as second tranche to 16 States and three Union Territories today under its Special Window to States for meeting the GST Compensation Cess shortfall.</span><br />'' <span style="color: #222222;">&nbsp;</span><br />'' <span style="color: #222222;">This amount was raised at a weighted average yield of 4.42 per cent.</span><br />'' <span style="color: #222222;">&nbsp;</span><br />'' <span style="color: #222222;">This amount will be passed on to the States and Union Territories at the same interest rate, which is lower than the cost of borrowings for the states.</span><br />'' <span style="color: #222222;">&nbsp;</span><br />'' <span style="color: #222222;">Ministry of Finance has facilitated loans of 12,000 crore rupees till date under the Special Window to States and UTs.</span><br />'' <span style="color: #222222;">&nbsp;</span><br />'' <span style="color: #222222;">According to the Ministry of Finance, 21 States and three Union Territories till date, have opted for the Special Window under Option-I.</span><br />'' <span style="color: #222222;">&nbsp;</span><br />'' <span style="color: #222222;">The loans raised by the Central Government are released on a back-to-back basis to States and UTs in lieu of GST Compensation Cess releases.</span><br />'' <span style="color: #222222;">&nbsp;</span><br />'' <span style="color: #222222;">The loans have been released to the States and Union Territories including Andhra Pradesh, Assam, Bihar, Goa, Gujarat, Haryana, Uttarakhand and&nbsp;Delhi.</span><br />'' &nbsp;
News On AIR | November 2, 2020 8:51 PM
Center to release Rs. 6,000 crore as 2nd tranche to 16 States, 3 UTs for meeting GST Compensation Cess shortfall