SME Times is powered by   
Search News
Just in:   • Committed to nurture next-gen innovation in 6G technology: Jyotiraditya Scindia  • Europe facing earlier, stronger heatwaves: Climate scientist  • India and Namibia sign two MOUs in fields of health and entrepreneurship  • PM Modi arrives in Delhi after concluding 'productive and successful' 5-nation tour  • ASEAN to keep on consensus, inclusivity: Malaysian official 
Last updated: 06 Apr, 2021  

Rupee.9.Thmb.jpg States to borrow Rs 1.78 lakh cr in April-June

Rupee.9.jpg
   Top Stories
» Committed to nurture next-gen innovation in 6G technology: Jyotiraditya Scindia
» Piyush Goyal holds talks with Malaysian minister on review of ASEAN trade pact
» India and OPEC have a unique and symbiotic relationship: Hardeep Puri
» SIP inflows hit all-time high in June, total AUM for equity MF at Rs 74.41 lakh crore
» India set to explore over 2.5 lakh sq kms area in one of largest offshore energy efforts
SME Times News Bureau | 06 Apr, 2021
States and Union Territories are likely to borrow Rs 1.78 lakh crore in the April-June quarter 2021.

In a statement on Tuesday, the RBI said: "The Reserve Bank of India, in consultation with the state governments/Union Territories (UTs), announces that the quantum of total market borrowings by the state governments/UTs for the quarter April-June 2021, is expected to be Rs 1,78,250 crore."

It said that the actual amount of borrowings and the details of the states or UTs participating would be intimated by way of press releases two/three days prior to the actual auction day and would depend on the requirement of the state governments and UTs, approval from the Centre under Article 293(3) of the Constitution, and the market conditions.

"RBI would endeavour to conduct the auctions in a non-disruptive manner, taking into account the market conditions and other relevant factors and distribute the borrowings evenly throughout the quarter," the statement said.

It reserves the right to modify the dates and the amount of auction in consultation with state governments and UTs, it said.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
  Daily Poll
Do you think Indian businesses will be negatively affected by Trump's America First Policy?
 Yes
 No
 Can't Say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter