Poket News

Finance Ministry releases Rs 40,000 cr to states


  • The Finance Ministry on 7 Oct released 40,000 crore rupees to the States and UTs with Legislature under the back-to-back loan facility to meet the shortfall in GST Compensation. 
  • Earlier on 15th July this year, 75,000 crore rupees was released to the States and UTs with the legislature. 
  • With the current release, the total amount released in the current financial year as back to back loan in-lieu of GST compensation has reached 1.15 lakh crore rupees.