The government will trim down the T-Bills from present collections of Rs86,203 crore to Rs25,006 crore by March 2018. However, there will be no change in the net borrowing as envisaged in the budget for 2017-18, a finance ministry statement said. T-Bills are securities with short-term duration of less than one year while dated securities have maturity of over five years. “The government will thus, between now and March 2018, not be raising any net additional borrowing (T-Bills will be run down by Rs 61,203 crore and additional G-Sec borrowing will be Rs 50,000 crore),” it said. As against the budgeted net T-bills receipt of Rs2,002 crore, net collections till 26 December 2017 are Rs86,203 crore, it said.

Source: Mint December 27, 2017 13:18 UTC