'Difficult, Expensive': In Letter to PM Modi, Tamil Nadu CM Lists Problems With 'States Should Borrow' Plan

The Union Finance Ministry should agree to a mechanism in which the government of India (GoI) raises the required funds as a loan and lends it to the GST Compensation Fund (GSTCF) against future cess receipts, so that the GST compensation can be paid in full to the States in 2020-2021, K Palaniswami urged Prime Minister Narendra Modi in a letter.

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