Centre to borrow Rs 1.1 Lakh Crore to meet shortfall of GST Compensation

The central government has announced that it will borrow Rs. 1.1 lakh crore under the special GST window to meet the revenue shortfall on account of implementing the Goods and Services Tax (GST) compensation.
Under the Special Window, the estimated shortfall of Rs. 1.1 lakh cr (assuming all States join) will be borrowed by Government in appropriate tranches.
The borrowed amount will be passed on to the States as a back-to-back loan and it will be in lieu of GST Compensation Cess releases.