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      Sanbor referees bickering, asks his own party to stop putting MDA in poor light

      Sanbor goes against BJP President again, backs Rymbui as HM

      Bajop wants an all MDC meet to decide on ILP demand

      Amit Shah has insulted Meghalaya: Congress

      House panel wants thorough study be conducted on Lukha

      House panel wants thorough study be conducted on Lukha

      Garo Hills SSA keep up pressure on Govt for release of pending salaries

      Case filed against Nongstoiñ police officer over inaction in assault case

      Local filmmaker decries ‘lack of support’ from Govt and public

      Local filmmaker decries ‘lack of support’ from Govt and public

      Fist conservation zone launched at Rymben River

      Fist conservation zone launched at Rymben River

      Garo Hills SSA keep up pressure on Govt for release of pending salaries

      ABVP holds 4th State Conference in Jowai

      Cherry blossom photographers awarded

      Cherry blossom photographers awarded

      4 Meghalaya police officer, fireman receive RD awards

      4 Meghalaya police officer, fireman receive RD awards

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      • North East
      • National
        3, 81,305 beneficiaries received COVID vaccine, 580 adverse events reported: Health ministry

        3, 81,305 beneficiaries received COVID vaccine, 580 adverse events reported: Health ministry

        COVID-19 vaccination drive to start in India on Jan 16

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        New Coronavirus strain: India suspends all UK flights from Wednesday to Dec 31

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      Home Meghalaya East Khasi Hills

      M’laya to receive Centre’s borrowing fund today

      HP News Service by HP News Service
      December 7, 2020
      in East Khasi Hills, Meghalaya
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      Meghalaya along with other states will receive the next installment from the Centre’s special borrowing window tomorrow.

      The Government of India has set up a special borrowing window for the states and union territories that choose Option-1 to borrow the amount of shortfall arising out of GST implementation.

      For Meghalaya, the Centre has allowed additional borrowing of 0.50 percent amounting to Rs 194 crore. Till December 4, the amount of fund raised through special window which was released to Meghalaya was Rs 38.89 crore.

      It may be noted that all 28 states and three union territories with legislature have decided to go for Option-1 to meet the revenue shortfall arising out of the GST implementation.

      The special borrowing window for the states and union territories that choose Option-1 to borrow the amount of shortfall arising out of GST implementation has been operationalised since October 23 and the Government of India has already borrowed an amount of Rs.30,000 crore on behalf of the states in five installments and passed it on to these states and union territories.

      The next installment of Rs.6,000 crore will be released to the states and union territories tomorrow.

      Under the terms of Option-1, besides getting the facility of a special window for borrowings to meet the shortfall arising out of GST implementation, the states are also entitled to get unconditional permission to borrow the final installment of 0.50 per cent of Gross State Domestic Product (GSDP) out of the 2 per cent additional borrowings permitted by the Government of India, under Atma Nirbhar Abhiyaan on May 17, 2020. This is over and above the Special Window of Rs.1.1 lakh crore.

      HP News Service

      HP News Service

      An English daily newspaper from Shillong published by Readington Marwein, proprietor of Mawphor Khasi Daily Newspaper, who established the first Khasi daily in 1989.

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      About Highland Post

      You’re visiting the official website of Highland Post, a leading and most circulated English daily of Meghalaya published by the Mawphor Group. Stay updated with our e-edition for latest updates from Meghalaya, North Eastern India and World as a whole.

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