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As Kerala faces economic crisis, Union Minister of State for Electronics and Information Technology Chandrasekhar announced a sanctioned borrowing limit of Rs. 21,253. He also announced a Rs 200 crore project under the Urban Flood Mitigation Programme for Thiruvananthapuram.
The IMF also said that without changing policies, Maldives remains at highly vulnerable to climate change risks with high levels of fiscal deficits and public debts. Muizzu's mentor and former President Abdullah Yameen also borrowed heavily from China that drove the country in a debt crisis.
As per the calender issued previously, the last tranche for borrowing through government bonds was to complete in the week ending March 8, 2019.
Economic Affairs Secretary Subhash Chandra Garg said the government will come out with inflation-indexed bonds linked to CPI or retail inflation. Also, government securities of 1-4 years duration will be introduced.
The government on Wednesday said it has cut the size of additional borrowing to Rs 20,000 crore of government securities during the current fiscal.
The government will undertake additional market borrowing of Rs 50,000 crore in the remaining period of the current fiscal to meet expenditure.
FM Arun Jaitley has warned CPSEs that “no slackness” would be tolerated if they falter on capital spending.
Mumbai: Even as many NBFCs are fearing a possible loss of their business to upcoming small finance and payments banks, leading non-banking lender JM Financial today said it does not see any such threats as
New Delhi: Finance ministry officials are likely to meet their counterparts at the Reserve Bank of India on Friday to finalise the government's borrowing calendar for the April-September period, reports have said.India intends to borrow
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