 "Govt to raise 64% of borrowing in the first half")
The government would mop up a little more than 64 per cent of its 2017-18 borrowing in the first half of the fiscal year, Economic Affairs Secretary Shaktikanta Das told reporters on Tuesday.
However, the maturity period of the bonds will increase. Now the average maturity period of government bonds is about 10.5 years. The government would auction bonds next year with an average maturity period of 14.7 years, Das said. The details of the borrowing were subsequently released on the Reserve Bank of India (RBI) website.
The gross borrowing for 2017-18 is Rs 5.8 lakh crore and the
However, the maturity period of the bonds will increase. Now the average maturity period of government bonds is about 10.5 years. The government would auction bonds next year with an average maturity period of 14.7 years, Das said. The details of the borrowing were subsequently released on the Reserve Bank of India (RBI) website.
The gross borrowing for 2017-18 is Rs 5.8 lakh crore and the
