No extension of GST aid to states, says Centre

The cesses on a few demerit and high-value goods meant for raising the proceeds to compensate the state governments for any shortfall in their goods and services tax (GST) revenues from protected levels for the five years to June 2022 will have to stay till FY26, the government said in Parliament on Monday. In the last two years, the Centre had to resort to aggregate borrowings of Rs 2.69 trillion…