Govt plans to cancel Rs 12K cr bond auction


The finance ministry had ruled out additional borrowing for the fiscal, even though it has not been able to raise the Budgeted receipts from disinvestment in public sector firms and auction of spectrum. "We will not go into the market for additional borrowings this fiscal and will be able to keep the fiscal deficit at 5.3 per cent of GDP," economic affairs secretary Arvind Mayaram had said recently in Mumbai.

Cash balance

* The Centre had kept a gross borrowing target of Rs 5.7 lakh crore for the fiscal, of which it has raised 5.58 lakh crore

* Strict spending checks initiated by finance minister to meet the fiscal deficit have helped the government garner a cash balance of over Rs 80,000 crore

* The cash balance is also expected to help the government meet nearly Rs 95,000 crore in bond redemption

Please read our terms of use before posting comments
TERMS OF USE: The views expressed in comments published on are those of the comment writer's alone. They do not represent the views or opinions of The Indian Express Group or its staff. Comments are automatically posted live; however, reserves the right to take it down at any time. We also reserve the right not to publish comments that are abusive, obscene, inflammatory, derogatory or defamatory.