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Centre Plans to Borrow Rs 2.88 Lakh Crore in First Half of 2018-19

The government and the Reserve Bank of India are also considering a plan to raise the foreign investment limit in government bonds.

Reuters

Updated:March 26, 2018, 5:40 PM IST
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Centre Plans to Borrow Rs 2.88 Lakh Crore in First Half of 2018-19
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New Delhi: The government plans to borrow Rs 2.88 lakh crore in the first half of the 2018/19 financial year that begins in April, it said on Monday.

In the union budget unveiled in February, the government said it envisages a gross market borrowing of Rs 6.06 lakh crore in 2018/19 and a net market borrowing of Rs 4.62 lakh crore.

The government and the Reserve Bank of India are also considering a plan to raise the foreign investment limit in government bonds, SC Garg, economic affairs secretary, told reporters.
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