TS may borrow from RBI’s overdraft facility
The Hindu
Govt. left with a borrowing capacity of ₹2,500 crore till June-end
In anticipation of ₹3,000 to ₹4,000 crore dip in revenue due to lockdown in May, the State government was contemplating to borrow money from ways and means advances and overdraft facility of the Reserve Bank of India (RBI) to shore up its resources in June. The government has already raised ₹5,500 crore through securities and bonds till now in this quarter and was left with a borrowing capacity of ₹2,500 crore till June-end.
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