Page 2 - Govt Borrowing News Today

Read more about Govt borrows 55% more this fiscal as lockdowns hit revenue collections on Business Standard. The Centre has borrowed Rs 2.1 trillion so far this fiscal

GST shortfall situation becomes clearer, govt may have to borrow $22 billion more to pay states SECTIONS GST shortfall situation becomes clearer, govt may have to borrow $22 billion more to pay statesBy Vrishti Beniwal and Subhadip Sircar, Bloomberg Last Updated: May 26, 2021, 12:55 PM IST Share Synopsis Any additional borrowing will replicate an arrangement followed last financial year, where New Delhi borrowed Rs 1.1 lakh crore on behalf of the states and passed them on as back-to-back loans,...

Monetary Policy with short-term, narrow goals can destroy credibility in the long run

In its effort to manage the yield curve, the RBI must not get entangled into a QE trap

ET Economy NEWS Powered by Finance Ministry permits 4 states to borrow additional Rs 5,034 crore post ease of doing biz reforms SECTIONS Finance Ministry permits 4 states to borrow additional Rs 5,034 crore post ease of doing biz reformsPTI Last Updated: Feb 06, 2021, 09:45 PM IST Share Synopsis With this, 12 states, including Andhra Pradesh, Karnataka, Kerala, Madhya Pradesh, Odisha, Rajasthan, Tamil Nadu and Telangana, have undertaken the stipulated reform...

The governor said the extraordinary event of the pandemic has resulted in deviation from the fiscal consolidation road map and declined to comment on what view the rating agencies will be taking on the high fiscal gap at 9.5 per cent in FY21 and 6.8 per cent in FY22.