Study Of State Finances : RBI Report
The Reserve Bank of India recently released its study of state finances.
- The report details the financial positions of the states and also presents an analysis of states receiving GST Compensation.
- Tamil Nadu is one of the five states in the country to receive GST compensation. The other states are Karnataka, Maharashtra Gujarat, and Uttarakhand.
- When the GST compensation ends, the most affected states and UTs will be Punjab, Delhi, Puducherry, Himachal Pradesh, Goa, and Uttarakhand
- Of all the states, the northeastern states gained the maximum benefits of GST compensation
