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27
December 2017
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Borrow (The Total
Investment & Insurance Solutions)
The
Govt of India plans to borrow extra Rs50,000cr in Jan-Mar 2018.
To meet its fiscal targets, government plans to borrow Rs50,000cr over and above the Budget estimate of Rs 5.8 lakh crore through gilt bonds in January-March period. The Total Investment & Insurance Solutions
To meet its fiscal targets, government plans to borrow Rs50,000cr over and above the Budget estimate of Rs 5.8 lakh crore through gilt bonds in January-March period. The Total Investment & Insurance Solutions
According to media reports, the fiscal deficit target for the year of 3.2% of GDP will be breached. In the first half of the current fiscal, government has already borrowed Rs3.72lakhcr. The Total Investment & Insurance Solutions
To start the extra borrowing process in the Jan-March period, government plans to borrow Rs18,000cr via gilts in the January 5 week.
The move has come as the tax collection and revenue generation have been behind the government's target. As per some reports, the government has estimated a tax revenue shortfall of Rs55,000cr for the current fiscal. For the fiscal, the government has estimated a direct tax revenue shortfall Rs20,000cr and an indirect tax revenue shortfall Rs25,000cr-35,000cr.The Total Investment & Insurance Solutions
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