Page 3 - State Govt Market Borrowings

After govt hikes market borrowing limit, states redraw their road maps

Union government has allowed states to borrow till their fiscal deficit hits 5 per cent of their respective gross state domestic product (GSDP)

No restrictions on utilisation of additional borrowing by states: FinMin

It is to be noted that the basic limit of 3 per cent remains unconditional, while only additional one per cent out of the two is linked to citizen centric reforms, Finance ministry official said.

I've to be careful, am answerable to Parliament: FM Nirmala Sitharaman

Nirmala Sitharaman tells Indivjal Dhasmana & Nivedita Mookerji that the government has made sure that mistakes committed during 2008-2013 are not repeated while announcing the Rs 20-trillion package.

Borrowing limit raised, but states won't rush to make use of the chance

Only eight states will qualify for the extra borrowing, as they have to meet stiff conditions on ease of doing business.

Covid-19 impact: States borrow Rs 12,128 cr from bond market at lower rates

The cut-off yield for 10-year state development loans was at 7.60-7.65 per cent, whereas the 10-year government securities closed at 6.50 per cent.

'State govt market borrowings' issuance may rise upto Rs 5 lakh cr in FY18'

Icra estimates that around three-quarters of the total SDL redemption of over Rs 700 bn due in current fiscal