Punjab accepts Centre's borrowing option to meet GST shortfall.

NEW DEHLI -- Punjab joins the likes of Kerala and West Bengal, who after refusing to opt for Option 1, accepted the Centre's proposal on November 23.

In tune with this, Punjab has been granted additional borrowing permission of Rs 3,033 crore against 0.5% of the northern state's GSDP by the Centre.

Punjab on Saturday accepted one of the Centre's options to meet the revenue shortfall in the Goods and Services Tax (GST) and borrow Rs 97,000 crore at reasonable interest rates from a special...

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