Business Standard

STICKING POINTS

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■ Some states such as Chhattisga­rh and Kerala want the Centre to borrow entire ~2.35 trillion to fill the gap between their compensati­on requiremen­ts and expected cess collection­s this financial year

■ Finance Minister Nirmala Sitharaman says ~1.10 trillion of the Centre's borrowing on behalf of states and ~1.06 trillion borrowing allowed by it for states would almost meet the requiremen­ts

■ States question who will bear the burden of repaying ~1.06 trillion and demand that the Centre borrow this amount too

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