Congress-administered Rajasthan has decided to opt for borrowing option 1 to meet the shortfall in goods and services tax collections, signalling a truce between opposition parties and the Bharatiya Janata Party-led federal government.
Besides Rajasthan, the Congress administered-union territory of Puducherry also earlier opted for the special borrowing window, under which the central government will borrow Rs 1.1 lakh crore and on-lend the amount to states.
States yet to express their borrowing option are Chhattisgarh, Jharkhand, West Bengal, Punjab, Kerala and Telangana. States that have so far chosen option 1 are Andhra Pradesh, Arunachal Pradesh, Assam, Bihar, Goa, Gujarat, Haryana, Himachal Pradesh, Karnataka, Madhya Pradesh, Maharashtra, Manipur, Meghalaya, Mizoram, Nagaland, Odisha, Rajasthan, Sikkim, Tripura, Tamil Nadu, Uttar Pradesh and Uttarakhand, and the union territories…
