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Government, RBI to finalize first half borrowing calendar tomorrow

Government, RBI to finalize first half borrowing calendar tomorrow

Tuesday, March 28, 2017, 7:30 AM

The government and the Reserve Bank are scheduled to finalize first half borrowing calendar tomorrow. The government has decided to borrow Rs.3.5 lakh crore from the market in 2017-18, around Rs.75,000 crore lower than the current fiscal. However, gross borrowing has been pegged at Rs.5.8 lakh crore for 2017-18, marginally higher from Budget estimate of Rs.6 lakh crore in the ongoing fiscal.
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