
The government on Friday steeply revised its 2020-21 borrowing programme by 53.85 per cent to Rs 12 trillion from Rs 7.8 trillion estimated earlier, indicating that the Centre was giving shape to an imminent and sizeable fiscal package to address the Covid-19-related slowdown. “The above revision in borrowings has been necessitated on account of the Covid-19 pandemic,” the Reserve Bank of India (RBI) said in a statement on its website.
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First Published: Fri, May 08 2020. 20:56 IST
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