 "Arun Jaitley, Arun, Jaitley")
Union Finance Minister Arun Jaitley’s expectation that small savings will amount to more than Rs 1 lakh crore in the next fiscal year is realistic, according to bond market participants.
The government in the present financial year has in its kitty small savings of more than Rs 90,000 crore, against its estimate of Rs 22,000 crore. On the basis of the actuals, the government expects Rs 1 lakh crore can be mobilised in the next financial year.
The bond market was first sceptical because in its assessment small savings swelled possibly because of demonetisation. But calculation showed most
The government in the present financial year has in its kitty small savings of more than Rs 90,000 crore, against its estimate of Rs 22,000 crore. On the basis of the actuals, the government expects Rs 1 lakh crore can be mobilised in the next financial year.
The bond market was first sceptical because in its assessment small savings swelled possibly because of demonetisation. But calculation showed most
