A move by the Centre to conditionally hike borrowing limits for states is not of much help, given that only eight states qualify for this. In this backdrop, most of the states are likely to confront the Centre on clearances of GST compensation payments pending since April this year. Read | Revenue of states down… Centre concerned about how to topple govts: GehlotA move by the Centre to conditionally hike borrowing limits for states is not of much help, given that only eight states qualify for this. Explained States ask Centre to keep word For states, GST accounts for almost 42% of their own tax revenues. Also Read | From GST compensation to NEET, JEE exams: What Mamata, Sonia, Uddhav said at Oppn meeting“It appears that our worst fears are coming true.

Source: Indian Express August 26, 2020 22:45 UTC