Page 2 - Government Borrowing

Hitting the mark: Govt on course to stick to FY24 borrowing target

Next financial year also likely to see similar target

Kerala's liquidity strained, seeks Centre's intervention over borrowing cap

Kerala Finance Minister K N Balagopal on Saturday said the state's liquidity position was severely stressed due to the reduction in the annual borrowing limit and sought the intervention of Union Finance Minister Nirmala Sitaraman into the issue. In a letter written to the union finance minister, Balagopal said the liquidity stress got aggravated specifically because of the cut in the annual borrowing ceiling for the financial years 2022-23 and 2023-24. He said Kerala has been relying on its own sources of revenue for meeting the expenditure during recent years, unlike many other states. Balagopal said the decision of the Union Government to include the borrowing of institutions like KIIFB (Kerala Infrastructure Investment Fund Board) and lower the annual borrowing limit of the state with retrospective effect was causing severe liquidity stress for Kerala. "I write this letter to invite your kind attention to the issue of liquidity stress being faced by Kerala due to the reduction

TMS Ep531: Pilot shortage, junk food, consumption stocks, govt borrowing

Who is to blame for India's pilot shortage? Is junk food the new cigarette? Are consumption stocks a good bet ahead of festive season? What is govt's borrowing programme and calendar? All answers here

Strategy shift at top insurer LIC aids in lowering govt borrowing costs

The shift, previously unreported, has helped states reduce costs by more than 40 basis points (bps) over the past 15 months

Decoded: What is the government borrowing programme and calendar?

The Central Government adheres to a semi-annual borrowing calendar, while State Governments follow quarterly calendars

Centre sticks to market borrowing plan for H2FY24; introduces 50-year bond

To borrow Rs 6.55 trillion in second half

Centre, RBI officials to finalise 2nd half borrowing plan today: Report

India plans to borrow about Rs 6.55 trillion in the second half of the current fiscal year that started April 1, according to government's budget estimates

India bonds finally at global high table with JPMorgan index inclusion

The decision sets the stage for billions of dollars of inflows just when the bond market is straining under record government borrowings

Borrowing falls sharply; 8 states raise Rs 15,900 cr, 45% less than said

Eight states raised Rs 15,900 crore from auctioning their debt, or state government securities, on Tuesday at a coupon of 7.42 per cent, 6 basis points (bps) less than the previous auction. The debt raising of Rs 15,900 crore was nearly 45 per cent lower than the indicated amount for the week in the auction calendar, Icra Ratings said in a note. Despite the increase in the weighted average tenor to 14 years from 11 years, the weighted average cut-off dipped to 7.42 per cent in the auction, down from 7.48 per cent in the auction last week, following softening in the yield of Government Securities (G-Secs) across tenors. As a result, the spread between the cut-off of 10-year state government securities and the new 10-year G-Sec yield eased mildly to 29 bps from 30 bps last week, the agency said.

Govt may rejig borrowing plan as small savings rise: Finance ministry

An official from the finance ministry disclosed that the net collections have so far reached 34 per cent of the budgetary target

Govt unlikely to raise FY24 borrowing plan; bond yields may remain below 7%

Railways, NHAI asked not to borrow from market

Centre to borrow 57.55% of its full-year target in H1FY24: FinMin

The government borrowing programme is scheduled to be completed in 26 weekly tranches of Rs 31,000-39,000 crore each

FY24 borrowings seen at new high, but insurers, softer RBI to help bonds

Sovereign yield curve seen steeper; short-term bonds may gain on likely RBI pivot

Centre likely to borrow record Rs16 trn in fiscal year 2024, shows new poll

The fall in tax revenue and expected slowing economic growth next fiscal year will limit the government's ability to cut borrowing in the near term

Central govt's borrowings may touch Rs 14.8 trillion in FY24: Icra report

Nevertheless, as a proportion of GDP, fiscal deficit is expected to ease to 5.8 per cent from 6.4 per cent

Govt likely to save around Rs 80k crore in FY23 from unused budgeted funds

The government will be saving more than two per cent on the Rs 39.4 trillion budget

Relief for bond mkt on debt supply as govt prunes H2 borrowing plan

The Rs 10,000 cr cut in govt's mkt borrowing obviates the fear of oversupply of paper that typically builds up around Dec end when govt takes stock of its finances for the year

Centre cuts FY23 borrowing target by Rs 10k cr amid robust tax collections

The government will borrow Rs 5.92 trillion, or 41.6 per cent of the new FY23 target, in October-March, including from the issuance of its maiden sovereign green bonds of Rs 16,000 crore

Govt may retain or cut bond borrowings for current fiscal on robust revenue

India may keep its market borrowing plan for the financial year intact, with a recent uptick in revenues likely to lead to a discussion on whether the target can be reduced

Story behind smooth sailing of govt borrowing

Will the dream run continue in the second half of the year too, spreading cheers to the treasury floors and adding to banks' profits?