Govt announces gross market borrowing of Rs 6
时间:2024-06-26 11:10:10 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.
猜你喜欢
- Zomato’s stock skyrockets 14% on reporting first ever profit; brokerages issue unanimous ‘buy’ call
- Rupee falls 14 paise to close at 82
- Will Nifty hit new highs above 21000- See GIFT Nifty, FII data, F&O ban, crude, more before market opens
- Rupee falls 27 paise to 82
- Year Ender 2023 - Ahmedabad Airport soars to new heights! A year of unprecedented achievements for Sardar Vallabhbhai Patel International Airport
- YearEnder2023- From Barbie to Koffee with Karan, a sneak peek into CGI ads rolled out this year
- ‘Absolutely wrong’- Supreme Court condemns Calcutta HC’s advice to girls to ‘control sexual urges’
- Rupee gains 11 paise to close at 82
- Will Sensex, Nifty rebound or continue their downward move- 5 things to know before opening bell