<span style="color: #222222;">The Ministry of Finance has said that the Punjab Government has communicated acceptance of Option-1 to meet the revenue shortfall arising out of GST implementation. The number of States who have chosen this option has gone up to 26.&nbsp;</span><br />'' <br />'' <span style="color: #222222;">All the three Union Territories&nbsp; Delhi, Jammu and Kashmir and Puducherry have also decided in favour of Option-1. Finance Ministry in a statement said that the States and&nbsp; Union Territories who choose Option-1 are getting the amount of shortfall arising out of GST implementation through a special borrowing window put in place by the Government of India.&nbsp;</span><br />'' <br />'' <span style="color: #222222;">The window has been operationalised since 23rd of last month. Central Government&nbsp; has already borrowed an amount of 24 thousand&nbsp; crore rupees&nbsp; on behalf of the States in four instalments and passed it on to the States and Union Territories, who chose Option.&nbsp;</span><br />'' <br />'' <span style="color: #222222;">Now the State of Punjab will also receive funds raised through this window starting from the next round of borrowing. On receipt of the choice of Option-1 from the Government of Punjab, the Centre has granted additional borrowing permission of&nbsp; three thousand 33 crore rupees to the State Government.</span><br />'' &nbsp;
News On AIR | November 28, 2020 5:36 PM
Punjab govt communicates acceptance of Option-1 to meet revenue shortfall arising out of GST implementation: Fin Min