Page 4 - Government Borrowing

Beyond borrowings

Govt must present a credible macroeconomic picture

Bond yields expected to jump 15-20 bps on govt's extra borrowing

The excess borrowing will, however, ease the pressure on the RBI's liquidity operation as banks will absorb the excess G-Secs

Covid-19 impact: States borrow Rs 12,128 cr from bond market at lower rates

The cut-off yield for 10-year state development loans was at 7.60-7.65 per cent, whereas the 10-year government securities closed at 6.50 per cent.

Centre sails through this fiscal's first borrowing of Rs 19,000 crore

The 10-year bond yields closed at 6.49%, which is more than 200 bps above the policy repo rate

Coronavirus impact: Centre's borrowing won't be cheap this time

Wary of supply, bond dealers asked for sharp increase in rates from state governments during Wednesday's auction.

Cash-starved and desperate, states borrow at steep rate in lockdown

According to the schedule, 19 states had lined up to borrow up to Rs 37,500 crore, but they managed to raise Rs 32,560 crore.

Coronavirus impact: States to step up borrowings, April may see 60% jump

The states expect to borrow Rs 55,225 crore from the markets in April, against Rs 34,472 crore raised last year.

Questions about borrowing

The funding need can change materially

Govt may slash borrowing from market in April amid lockdown: Report

Private placement of bonds would ensure the government gets the money it needs for its expenditure while there is no impact on the market

Bonds rally as govt keeps borrowing programme limited to Rs 7.1-trn

The government borrows from the market for the buyback, but it is not doing so for the next year

Budgetary over-reach: There is a price for trying to do too much in Budgets

The larger economy suffers more than the central govt, as New Delhi is allowed to get away with behaving arbitrarily and then hiding the reality behind bogus numbers, writes T N Ninan

Policy challenges with 5 per cent growth

Since the scope of supporting growth through fiscal and monetary policy is fairly limited, economic revival will ultimately depend on policy reforms

Markets expect govt to borrow Rs 80,000 cr more to bridge fiscal deficit

RBI waiting for Budget numbers has surprised the bond market

Food Corporation of India has borrowed Rs 2.19 trn till Oct-end, says govt

For 2019-20, the budget estimate for the FCI is Rs 1,51,000 crore, of which Rs 1,06,000 crore has been released till November 15, he added.

Rate cuts fail to cheer bond market worried about Modi govt's borrowing

All eyes are now on the government's financing plans for the fiscal second half due today, with traders concerned that the authorities could increase bond sales beyond the Rs 2.68 trillion set earlier

Budget numbers indeed look challenging to achieve: DSP MF's Saurabh Bhatia

Whilst the noise on feasibility of budget numbers and risks on sovereign borrowing would persist in the near term, the budget outcome has certainly eased the job for RBI MPC to ease rates further

Government debt abroad: Why & how

Nurturing a relationship with foreign investors is particularly important when it comes to the long-term objective of borrowing in times of a calamity

Budget 2019: Why India is launching its first ever sovereign bond

While sovereign bonds may help India get loans overseas at lower interest rates they are susceptible to exchange rate fluctuations

Govt to borrow Rs 4.42 trn in H1 FY2019-20: Economic Affairs Secretary

As per the Union Budget, the gross borrowing was pegged at Rs 7.1 trillion for 2019-20, higher than Rs 5.71 trillion estimated for the ongoing fiscal

Govt borrowing likely to be lower in second half of FY19 than in the first

This will allow the government to keep the borrowing space free for the higher demand by the state governments