The central government late on October 15 said it was modifying its borrowing calendar for the second half to operationalise a special borrowing window meant for states to bridge their Goods and Services Tax (GST) revenue gap. Accordingly, the Centre will borrow a total of ₹4.88 trillion for the period starting 19 October to 31 March, said an official statement. This indicates that the total borrowing for the Centre for the current fiscal will stand at ₹13.1 trillion, compared to ₹12 trillion it said on 30 September. "To operationalize the special window to states for meeting the GST compensation cess shortfall of ₹1,10,000 crore, the government of India's borrowing calendar is being modified in consultation with the RBI," said an official statement. The additional amount for meeting the GST compensation shortfall shall be raised equally at the rate of ₹55,000 crore under the three year and five year tenors, it said.