Coronavirus lockdown: Govt may extend window to reconcile expense receipts

The government is likely to extend the window to reconcile expenditure receipts from various departments beyond March 31.

This has an implication, however, since it will also impact how soon the finance ministry can come out with its borrowing calendar for the first half of 2020-21, a decision that is of enormous significance for the markets. Normally the borrowing calendar for the succeeding financial year is issued before 31 March, every year.
 

The reason for the longer window is that a lot of government support to fight the COVID-19 pandemic could come unstuck if the rules are adhered to,