Govt announces gross market borrowing of Rs 6
时间:2024-06-29 02:41:06 阅读(143)
The government on Tuesday said it will borrow Rs 6.55 lakh crore in the second half of 2023-24 through dated securities, including Rs 20,000 crore through issuance of Sovereign Green Bonds (SGrBs).The government meets its fiscal deficit mainly through market borrowings.The government had projected gross market borrowing of Rs 15.43 lakh crore for 2023-24.”…the Government of India has decided to borrow the balance amount of Rs 6.55 lakh crore (42.45 per cent of Rs 15.43 lakh crore) in the second half of the fiscal year 2023-24 through dated securities, including Rs 20,000 crore through issuance of Sovereign Green Bonds (SGrBs),” the finance ministry said in a statement.
“Responding to market demand for longer duration securities, 50-year security will be issued for the first time,” it added.The gross market borrowing of Rs 6.55 lakh crore will be completed through 20 weekly auctions. The market borrowing will be spread over 3, 5, 7, 10, 14, 30, 40 and 50-year securities.
Weekly borrowing through the issuance of Treasury Bills in the third quarter of the fiscal is expected to be Rs 24,000 crore with net borrowing of Rs (-)52,000 crore during the quarter.The ministry said that the Reserve Bank of India has fixed the Ways and Mean Advances (WMA) limit for the October-March period of 2023-24 at Rs 50,000 crore to take care of temporary mismatches in Government accounts.
上一篇:Rating- buy; Dr Reddy’s and Mayne deal is a valuable investment
下一篇:Zomato to focus on food delivery, Hyperpure and quick commerce
猜你喜欢
- Rating- neutral; Can Cognizant’s new CEO work magic-
- Namo Bharat on Track- NCRTC begins trial run on Duhai-Meerut stretch of RRTS Corridor! Cutting-edge testing underway – All you need to know
- Nifty in Q1FY24- Fourth best market globally, valuations may be overextending soon, mid and smallcaps shine
- Petrol and Diesel Rate Today, 21 July- Some cities see revision; Check rates in Delhi, Mumbai, other cities
- Nifty close below 17460 may lead to correction; Bank Nifty close under 41900 will be seen as weakening signal
- Nifty above 17350 may aim for 17777, buy stocks on decline; Maruti, HDFC Bank, IOC top money-making bets
- Rating- Buy; ICICI Lombard to invest in digital
- Rating- neutral; Hero MotoCorp- New products to drive growth
- Petrol and Diesel Rate Today, 11 January- Fuel rates unchanged; Check prices in Delhi, Mumbai, other cities