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The banker did not want to be named because he is not authorized to speak to the media
In the interim budget, the government announced a gross borrowing of Rs 14.13 trillion, with a fiscal deficit target of 5.1 per cent of the gross domestic product
The IMF released a statement last week saying that "a number" of its board members were open to reviewing policies around surcharges, the fees that it charges nations that borrow more
The normal net borrowing ceiling for states has been fixed at 3 per cent of their gross state domestic product
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. The
India aims to raise 15.43 trillion rupees ($187.18 billion) from the market in the financial year starting April 1, higher than the 14.21 trillion rupees it raised this year
The biggest push came for the infrastructure sector, with a more than expected - i.e. 33 per cent - hike in capex that should boost private investment and spur employment generation
The poll also suggested that the government would bring the budget deficit down to 6.0% of GDP in 2023/24. It aims to reach a target of 4.5% by 2025/26
The massive borrowing plan announced by the government in the FY23 Union Budget may get trimmed by Rs 63,500 crore.
The microfinance industry's gross loan portfolio (GLP) marginally declined by around 4 per cent to Rs 214,528 crore as of June 30 this year, against Rs 224,205 crore as of June 20, 2020
The total borrowing of National Highways Authority of India (NHAI) increased to Rs 3,06,704 crore in March 2021 from Rs 74,742 crore in March 2017, Parliament was informed on Monday. Replying to a question in the Rajya Sabha, Road Transport and Highways Minister Nitin Gadkari said Since 2017, NHAI has availed external borrowing to the tune of Rs 3,000 crore. The minister informed that the amount of interest paid by NHAI in 2020-21 was Rs 18,840 crore. He also said that as of date, there are 140 arbitration cases pending before various arbitral tribunals, wherein an amount of Rs 91,875.70 crore of the contractors/ concessionaires claims and Rs 44,600 crore of NHAI's counterclaims is involved for adjudication. Further, there are 240 cases pending before the courts wherein Rs 21,601 crore is involved, he added. Replying to a separate question, Gadkari said the Centre has not notified green tax on older vehicles. However, state/UT governments of Andhra Pradesh, Telangana, Karnataka,
The borrowings were further raised to Rs 12.80 trillion in RE as the government also tried to bring transparency in subsidies
From Centre allowing 100% rebate on PM-CARES fund, top 22 families losing Rs 22 trillion to vegetable markets coming back to life, Business Standard brings you top headlines of the day
The calendar released by the Reserve Bank of India (RBI) on its website showed that the weekly borrowing would be Rs 17,000 crore, less than the Rs 18,000 crore witnessed by the market in H2, FY19