Govt may complete FY10 borrowing by Feb end: Official
New Delhi: The government may complete its record Rs 4.51 trillion borrowing plan for FY10 by the end of February, a Finance Ministry official said on Tuesday.
The government may reduce the size of its weekly auctions to an initial Rs 100 billion in the second half of the current fiscal year ending March 2010, the official, who did not wish to named, told reporters.
The government`s cash position is satisfactory now and there is no need to issue cash management bills in the near future, the official said.
Of the total Rs 4.51-trillion target, Rs 2.99 trillion is scheduled to be borrowed before the end of September.
More from India
More from World
More from Sports
More from Entertaiment
- Essel Group launches 'Asha 2022' affordable housing scheme
- Panel discussion on clashes at JNU over Afzal Guru row
- Soldier buried under avalanche found alive at Siachen glacier
- Panel discussion on detention of goat for grazing in bureaucrat's garden
- JNU students call terrorist Afzal Guru a martyr amid anti-nationalist slogans
- Drunk girl creates ruckus in Delhi's Connaught Place; arrested - Watch
- JNU erupts over 'Shaheed Afzal Guru', 'Azad Kashmir'; rival student groups clash, police deployed
- WATCH: 'Sting videos of Kejriwal govt's minister Imran Hussain's staffer demanding bribe of Rs 25 lakh for his boss'
- AAP poster showing Arvind Kejriwal with Bhindranwale sparks row in Punjab
- Video of Hanumanthappa's rescue that went viral on social media is fake - Watch