Page 3 - Market Borrowings
Sovereign Indian bonds reverse losses on talk of help from RBI
Yields on 10-year bonds slid as much as eight basis points to to 6.08 per cent after surging by as much as 12 basis points earlier.
 "Sovereign Indian bonds reverse losses on talk of help from RBI")
A day after, bond yield closes flat at 6.16% amid liquidity surplus
Given the plan to borrow an additional Rs 4.2 trillion from the market, yields will show a tendency to move up. But, the huge liquidity in the system kept the rise in check, bond dealers said.
 "A day after, bond yield closes flat at 6.16% amid liquidity surplus")
Covid-19 impact: State govts likely to raise more money using bonds
According to the Reserve Bank of India (RBI) data, state governments' gross market borrowings stood at Rs 6.08 trillion in 2019-20, up from Rs 4.78 trillion in 2018-19.
 "Covid-19 impact: State govts likely to raise more money using bonds")
Govt hikes borrowing limit by over 50% to Rs 12 trn as virus grips economy
Sources say the Centre has asked RBI to do whatever to keep yields in check, which may result in massive secondary market bond purchases
 "Govt hikes borrowing limit by over 50% to Rs 12 trn as virus grips economy")
Govt hikes market borrowing limit by over 50% to Rs 12 trillion
The government resorts to market borrowing to make up for the mismatch between its revenue and expenditure.
 "Govt hikes market borrowing limit by over 50% to Rs 12 trillion")
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.
Govt should lean on growth instead of focusing on fiscal deficit: CEA
It is time to focus on growth and, therefore, cutting expenditure is not an option, probably because at a time like this, growth needs to be taken care of, he added
 "Govt should lean on growth instead of focusing on fiscal deficit: CEA")
195 firms owe Rs 13 trillion to lenders, borrowings exceed market-cap
These firms owe Rs 13 trillion to lenders and account for 55% of all non-financial corporate debt
 "195 firms owe Rs 13 trillion to lenders, borrowings exceed market-cap")
Govt's borrowings increasingly being used to pay interest on past loans
Less portion being used to pay for the current expenditure
 "Govt's borrowings increasingly being used to pay interest on past loans")
Centre cuts reliance on market borrowings to finance fiscal deficit
Share of market borrowings to bridge the fiscal deficit has plunged from 89 per cent in FY15 to 71 per cent in FY19
 "Centre cuts reliance on market borrowings to finance fiscal deficit")
Market borrowings by states decline 5.6% to Rs 3.6 trillion in FY18
Higher cost of borrowing kills appetite, average yield on State Development loans rises by 6 bps
 "Market borrowings by states decline 5.6% to Rs 3.6 trillion in FY18")
