Friday, Apr 19 2024 | Time 18:32 Hrs(IST)
image
Business EconomyPosted at: Sep 27 2021 8:14PM


Centre plans to borrow Rs 5.03 lakh crore in second half (October-March) of FY22

New Delhi, Sep 27 (UNI) The Centre would borrow Rs 5.03 lakh crore during October-March period of the current financial year, Finance Ministry said on Monday.
The borrowing is likely to be conducted in 21 weekly tranches of Rs 24,000/23,000 crore. It will be spread under 2, 5, 10, 14, 30 and 40 year-securities and Floating Rate Bonds (tenor of 7-8 & 13 years).

Out of gross market borrowing of Rs 12.05 lakh crore projected for financial year 2021-22 in the Union Budget, Rs 7.24 lakh crore (60 %) was planned to be borrowed in first half (H1).
The effective borrowing in April-September (H1) of FY22 was Rs 7.02 lakh crore.
"The H2 FY 2021-22 projection also factors requirements for release of balance amount to states on account of back-to-back loan facility in-lieu of GST compensation during the year," the Finance Ministry said.
As per the government statement, borrowing in H1 has been completed smoothly with weighted average yield at 6.19 per cent and weighted average maturity at 16.69 years.
"In H1, good demand for Government bonds was seen from all major investor segments and the yields have remained stable," it said.

UNI NK
Please log in to get detailed story.
Tags: #Centre plans to borrow Rs 5.03 lakh crore in second half (October-March) of FY22
More News

19 Apr 2024 | 5:24 PM

Mumbai, Apr 19 (UNI) IT major Wipro on Friday reported 7.80% year-on-year dip in consolidated net profit at Rs 2,834.6 crore for January-March quarter (Q4) of the financial year 2023-24.

see more..
Rupee up 8 paise against USD

Rupee up 8 paise against USD

19 Apr 2024 | 5:05 PM

Mumbai, April 19 (UNI) The Rupee on Friday ended positive at 83.47, rising 8 paise against the USD on selling US Dollar by bankers and exporters, dealers at the Foreign exchange said.

see more..

Kottayam-Kochi Rubber Market rates

19 Apr 2024 | 5:02 PM

Kottayam, April 19 (UNI) Following were the Rubber Market rates announced by the Rubber Board here on Friday per quintal.

see more..
Sensex jumps 599 34 pts

Sensex jumps 599 34 pts

19 Apr 2024 | 4:56 PM

Mumbai, April 19 (UNI) Snapping a losing streak of last four sessions, the BSE Sensex on Friday bounced back 599.34 pts to close at 73088.33 on the strength of Bankex, Metal, Financial services and Consumer Durable stocks amid weak Asian Market.

see more..

Sund Home Fin expands presence in Rajasthan

19 Apr 2024 | 4:36 PM

Chennai, Apr 19 (UNI) After its recent expansion in Western India, Sundaram Home Finance (SHF)
has expanded its presence in Central India with the opening of its new office at Kota in Rajasthan.

see more..
image