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Govt to raise Rs 97,000 cr through T-bills
The government today said it will raise Rs 97,000 crore in the last quarter of the fiscal through treasury bills, which are short-term bonds. - Fiscal deficit rises by 73% till Nov - No sign of pension reforms in 2009 - Govt seeks public opinion on draft consumer policy - Telangana issue: Centre calls meeting on Jan 5 - Govt okays 9 FDI proposals worth Rs 524 cr - Jharkhand will have two deputy CMs again The government plans to sell the money market instruments worth Rs 33,000 crore in January, Rs 31,000 crore of T-bills in February and another lot of Rs 33,000 crore in March, it said in a statement today. Most of the T-bills planned for auctions during January to March are of 91-day duration, while others are of 182- and 364-day durations. T-bills are used to finance the short term requirements of the Indian government. Raising of money through short-term instruments assume importance since the Centre"s fiscal deficit is projected to be around 6.8 per cent of the GDP.Same Day Loans commented:
Govt to raise Rs 97,000 cr through T-bills so it will help them cover some type of problem
13.12.2011