Government plans to borrow Rs 8.45 Lakh Crore in April-September
By MYBRANDBOOK
The government plans to borrow Rs 8.45 lakh crore in the first half of the current fiscal, accounting for 59.4% of its planned borrowings for the year. Gross borrowings for the full fiscal are pegged at Rs 14.31 lakh crore.
The government typically borrows close to 60% of its full year requirements in the first half of the fiscal. This year, that front-loaded borrowing will have to contend with adverse market conditions amid rising global yields and elevated oil prices. The government’s first half borrowing will be spread across 26 weekly tranches of about Rs 32,000-Rs 33,000 crore. Borrowing will be spread across securities ranging from two to 40-year securities and will also include floating rate bonds of various tenors.
The share of borrowing under different maturities will be:
Two year: 6.15%
Five year: 13.85%
Seven year: 10.77%
10 year: 20%
14 year: 15.98%
30 year: 13.25%
40 year: 13.85%.
Floating Rate Bonds: 6.15%
Alongside, the government also released its plan for shorter term borrowings via treasury bills. Weekly borrowing via treasury bills are expected to be Rs 33,000-Rs 34,000 crore with net borrowing of Rs 2.40 lakh crore during the quarter.
The statement added, "There will be an issuance of Rs 13,000 crore under 91-day treasury bills, Rs 12,000-13,000 crore under 182-day treasury bills and Rs 8,000 crore under 364-day treasury bills in each auction to be held during the quarter". The government has planned the issuance of a green bond. Details of this will be announced when the preparatory work is complete.
BREAKING NEWS
TECHNO TRENDS
Nazara and ONDC set to transform in-game monetization with ‘
Nazara Technologies has teamed up with the Open Network for Digital Comme...
Jio Platforms and NICSI to offer cloud services to government
In a collaborative initiative, the National Informatics Centre Services In...
BSNL awards ₹5,000 Cr Project to RVNL-Led Consortium
A syndicate led by Rail Vikas Nigam Limited (abbreviated as RVNL), along wi...
Pinterest tracks users without consent, alleges complaint
A recent complaint alleges that Pinterest, the popular image-sharing platf...
E-Magazine
TECHNOTAINMENT
Netflix adds 'Moments' feature for saving, sharing scenes from
Netflix has introduced a new “Moments” feature on its mobile app, whic
Jacqueline Fernandez come together with YouTuber Mr. Beast for
Jacqueline Fernandez has partnered with American YouTuber Mr. Beast to b
MOVERS & SHAKERS
Visa elevates Rishi Chhabra as new Country Manager for India
Rishi holds a Master’s in Industrial Engineering from The Ohio State Univ
Genesys welcomes Albert Nel as Senior VP and Regional Sales Le
Genesys continues to deepen its investment in the APAC region. Earlier this
OPEN YOUR EYES
INTERVIEWS
AMD Pensando driving innovation in the DPU architecture space
AMD Pensando stands out in the DPU (Data Processing Unit) market with its u
In India, 88% of Indian business leaders are planning to inves
As we move through 2024, it has become increasingly clear that AI is not ju
HOT PICK
SonicWall Launches TZ80: A Powerful Solution for Remote Office
SonicWall announced today the launch of the TZ80, a groundbreaking securit
Gigabyte X3D Turbo: A Gaming Revolution
GIGABYTE X3D Turbo Mode is a cutting-edge feature that unifies cores distr
MAKE IN INDIA BRANDS
QUICK HEAL TECHNOLOGIES PVT. LTD.
TP-LINK INDIA PVT. LTD.
EXATRON SERVERS MANUFACTURING PVT. LTD.
PDRL - Passenger Drone Research Pvt. Ltd.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
ICONS OF INDIA : SHAILENDER KUMAR
Shailender Kumar is senior vice president and regional managing direct...
Icons Of India : Girish Mathrubootham
Girish Mathrubootham is the Founder of Freshworks (previously known ...
Icons Of India : NANDAN NILEKANI
Nandan Nilekani is the Co-Founder and Chairman of Infosys Technologies...
PARTNER SPEAKERS
PSU
NPCI - National Payments Corporation of India
NPCI is an umbrella organization for operating retail payments and set...
BEL - Bharat Electronics Limited
BEL is an Indian Government-owned aerospace and defence electronics co...
C-DAC - Centre for Development of Advanced Computing
C-DAC is uniquely positioned in the field of advanced computing...
VIDEOS
Top 25 Brands
Global Indian industry
Indian Tech Talent Excelling The Tech World - Vinod Dham, Founder & Executive Managing Partner, IndoUS Venture Partners
Vinod Dham, known as the “Father of the Pentium Chip,” has left an...
Indian Tech Talent Excelling The Tech World - Aman Bhutani, CEO, GoDaddy
Aman Bhutani, the self-taught techie and CEO of GoDaddy, oversees a co...
Indian Tech Talent Excelling The Tech World - George Kurian, CEO, Netapp
George Kurian, the CEO of global data storage and management services ...
STARNITE AWARDS 2024
ITFORUM 2024
CMO of the Year
WOMEN LEADERSHIP
IMAGE GALLERY
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
