Uday has hit finances of states, GST will help: RBI study
Several states' finances are worsening after they took over the debt of their electricity distributors under the Ujwal Discom Awas Yojana, an RBI study stated. In this regard, GST implementation will help as states will be compensated for loss of revenue in the initial five years. Successful GST implementation will result in additional revenue through easier tax administration, it added.