Page 3 - Government Borrowing

Govt to borrow Rs 8.45 trn from market during April-September period

The Union government is looking to raise Rs 8.45 lakh crore through borrowings in the first half of 2022-23 to fund the revenue gap for reviving the economy, the finance ministry said on Thursday.

Govt to borrow Rs 8.45 trn from market during Apr-Sep period of FY23

Out of gross market borrowing of Rs 14.31 lakh crore estimated for FY2022-23, Rs 8.45 lakh crore is planned to be borrowed in the first half (H1), an official statement said

Centre may not go for 60% borrowing in the first half of FY23

Rethink on proportion on back of Fed tightening, high oil prices

State loan yields likely to rise further despite Centre's help

Even if the G-sec yields remain where they are, if the spreads have to normalise, the SDL cut-offs will need to rise, more so for weaker states

India may cut record 2022-23 market borrowing plan by Rs 60,000 cr: Report

The reduction could be announced before the end of March, the sources said requesting anonymity because of the sensitivity of the matter

Union Budget 2022: Govt borrowing plan may prompt reverse repo hike

15-40 bps raise likely in MPC meeting next week, say market participants

20 states evince interest to avail additional borrowing for power sector

The Ministry of Finance had launched a programme in June 2021 to allow additional borrowing space of Rs 80,000 crore to states

Fiscal gains

Higher tax revenue will give more flexibility in pushing expenditure

Centre borrows less than planned amid second wave of Covid-19 pandemic

Compared with last year, though, the borrowing has been higher

Despite record dividend, RBI and govt may have differences over new norms

Apex bank's Rs 99,122 cr dividend supports the Centre's fiscal rescue plan, obviates need to ramp up borrowings for now

Govt borrows 55% more this fiscal as lockdowns hit revenue collections

The Centre has borrowed Rs 2.1 trillion so far this fiscal

Asian central banks can do little as Covid cases surge, recovery falters

In Asia as Covid-19 cases are surging and slow pace of vaccinations, relegating central banks to a supporting role as interest rates already low, policies will center on more government borrowing.

Govt to borrow Rs 7.24 trn, or 60% of planned amount, till September

Borrowing will be done across yield curve ranging from two-year bonds to 40 years, and including floating rate bonds (FRB)

Govt to borrow Rs 7.24 trillion from market in six months: Finance Ministry

The net borrowings during the next fiscal year will be about Rs 9.37 trillion

Govt to borrow Rs 20,000 cr less this fiscal; RBI cancels debt auction

The government has decided to cancel its Rs 20,000 crore borrowing scheduled for March 26 on review of position of cash balance, the Reserve Bank of India said on Monday.

Issuers cancel planned bond sales as yields surge over govt borrowings rise

The strains came after India's government announced near-record borrowings of about 12 trillion rupees on Feb. 1, adding to concerns that companies could be crowded out of debt markets

How NSSF could morph from a rainy-day fund into a huge burden for the govt

Costlier loans from NSSF, at 7.4% interest rate, will occupy more than 10% share in govt's outstanding public debt soon, all to give the small saver a higher interest rate than the market

Why bonds dealers chose to ignore Shaktikanta Das' nationalist call

There's a tug-of-war between the RBI and the bond market, as the central bank refuses to accept higher yields

RBI will manage high govt borrowing in FY22 non-disruptively: Das

Das exuded confidence of the Reserve Bank being able to manage the high quantum of government borrowings for the next fiscal in a 'non-disruptive' manner

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