End of GST compensation to jolt six states most, says RBI

BENGALURU  : The economies of half-a-dozen states are set to be “most severely affected" because of the termination of the goods and services tax compensation programme in June last year, a Reserve Bank of India report on state finances said. The share of GST compensation had exceeded 10% of the tax revenue for these states on average, according to the report. The report said at least 10 stat…