more-inUpon reviewing its finances, the government has said it needs to borrow only an additional ₹20,000 crore in the remaining months of this financial year, down from the ₹50,000 crore estimated in December. The government had on December 27, 2017, said that it would raise additional market borrowing of ₹50,000 crore through dated government securities in the current financial year 2017-18. It is not clear where the government has found the additional revenue. Maybe it is from the dividend paid by the RBI.”“Government has reassessed additional borrowing requirements taking note of revenue receipts and expenditure pattern,” Economic Affairs Secretary Subhash Garg tweeted. “Requirement of additional borrowing being reduced from ₹50,000 crore as notified earlier to ₹20,000 crore.”

Source: The Hindu January 17, 2018 05:53 UTC