Govt to raise Rs 67,000 cr via treasury bill issue

The government today said it will raise Rs 67,000 crore through the issue of short-term treasury bills in the October-December quarter.

As much as Rs 24,000 crore would be raised in October and a similar amount in November by issuing treasury bills with a maturity of up to one year, an official release said.

The remaining Rs 19,000 crore would be raised in December, it said.

Based on a review of the cash position of the government of India, it has been decided to modify the notified amounts for the issuance of treasury bills for the quarter ending December, 2010, it said.

The Reserve Bank of India or the government will have the flexibility to bring about modifications in the indicative calendar in terms of the notified amount, issuance period, maturities, etc., depending upon the requirement, evolving market conditions and other relevant factors after giving due notice, it said.