State borrowings during current fiscal inching closer to ₹30,000 cr. mark
The Hindu
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The State’s borrowings and other liabilities during the current financial year are inching closer to ₹30,000 crore mark.
The State has raised ₹2,000 crore as open market borrowing (OMB) in the form of State Development Loan from the Reserve Bank of India on November 1. It was preceded by another ₹1,500 crore in the first week of October, taking the borrowings in the third quarter (October to December) to ₹3,500 crore.
The State government borrowings and other liabilities crossed ₹25,000 crore mark, reaching ₹25,573 crore by the end of the first half of the current financial year between April and September, according to the key indicators in the Comptroller and Auditor General of India’s website. The latest borrowings in the form of State development loans take the total to ₹29,073 crore. The tentative calendar of borrowings released by the RBI in consultation with the States projected the OMBs of the State for the current quarter at ₹6,295 crore.
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