<span style="color: #0f1419;">Union Government has released the 18th weekly installment of four thousand crore rupees to the states to meet the GST compensation shortfall.</span><br />'' <span style="color: #0f1419;"><br />''Out of this, over three thousand 677 crore rupees has been released to 23 States and over 322 crore rupees has been released to the three Union Territories with Legislative Assembly, Delhi, Jammu and Kashmir and Puducherry who are members of the GST Council.</span><br />'' <span style="color: #0f1419;"><br />''The remaining five states, Arunachal Pradesh, Manipur, Mizoram, Nagaland and Sikkim do not have a gap in revenue on account of GST implementation.</span><br />'' <span style="color: #0f1419;"><br />''Till now, 94 per cent of the total estimated GST compensation shortfall has been released to the States and UTs with Legislative Assembly. Out of this, over 95 thousand 138 crore rupees has been released to the States and over eight thousand 861 crore rupees has been released to the three UTs with Legislative Assembly.</span><br />'' <span style="color: #0f1419;"><br />''The Government of India had set up a special borrowing window in October last year to meet the estimated shortfall of 1.10 lakh crore rupees in revenue arising on account of implementation of GST.</span><br />'' <span style="color: #0f1419;"><br />''The borrowings are being done through this window by the Government of India on behalf of the States and UTs. Eighteen rounds of borrowings have been completed so far starting from 23rd of October last year.</span><br />'' <span style="color: #0f1419;"><br />''Under the special window, the Government of India has been borrowing in Government Stock with tenor of three years and five years.</span><br />'' <span style="color: #0f1419;">The borrowing made under each tenor is equally divided among all the states as per their GST compensation shortfall.</span><br />'' <span style="color: #0f1419;"><br />''The amount released this week was the 18th installment of such funds provided to the states. The amount has been borrowed this week at an interest rate of 4.79 per cent.</span><br />'' <span style="color: #0f1419;"><br />''So far, one lakh four thousand crore rupees has been borrowed by the Central Government through the special borrowing window at an weighted average interest rate of 4.82 per cent.</span><br />'' <span style="color: #0f1419;"><br />''In addition to providing funds through the special borrowing window to meet the shortfall in revenue on account of GST implementation, the Government of India has also granted additional borrowing permission equivalent to 0.50 per cent of Gross States Domestic Product GSDP to the states choosing Option-I to meet GST compensation shortfall to help them in mobilising additional financial resources.</span><br />'' <span style="color: #0f1419;"><br />''All the states have given their preference for Option-I. Permission for borrowing the entire additional amount of one lakh six thousand 830 crore rupees 0.50 per cent of GSDP has been granted to 28 states under this provision.</span>