GST Council approves increased borrowing limit of Rs 1.1 lakh crore under option 1

The GST Council has increased the borrowing limit from Rs.97000Crore to Rs.1.1 Lakh Crore provided to the states. The Union Finance Minister has raised the limit assuming a 7% growth rate instead of the earlier assumption of 10% over the previous financial year.

https://economictimes.indiatimes.com/news/economy/finance/42nd-gst-council-meet-centre-proposes-increased-borrowing-limit-of-rs-1-1-lakh-crore-under-option-1/articleshow/78491571.cms?from=mdr