9911796707
TMI BlogGovernment’s Gross Market Borrowings for 2012-13 & 2013-14 to be Fiscal Deficit as Well as Cash NeutralX X X X Extracts X X X X X X X X Extracts X X X X ..... Government’s Gross Market Borrowings for 2012-13 & 2013-14 to be Fiscal Deficit as Well as Cash Neutral X X X X Extracts X X X X X X X X Extracts X X X X ..... udgeted gross and net market borrowing requirement for the year 2012-13 and 2013-14 are under: (Rs. crore) BE 2012-13 BE 2013-14 Net Market Borrowing 4,79,000 4,84,000 Repayment 90,616 95,0 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 09* Gross Market Borrowing 5,69,616 5,79,009 *excluding buyback/switching of securities of Rs. 50,000 crore. * The Gross Borrowing for FY 2013-14 is Rs. 5,79,000 crore only. As per earlier pract ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ice, the calendar of borrowing will be issued for this amount only. * Provision of Rs. 1,45,008.84 crore in BE 2013-14 towards Repayment of Market Loans includes Rs. 50,000 crore for buyback/switchi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng operations during 2013-14. This has been done in BE 2013-14 for active debt management. * Buyback/Switching operations are proposed for easing of redemption pressure for the FY 2015-16, 16-17, 17 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -18. This is part of medium term consolidation process. * Since the transaction will impact this year fiscal only to the extent of premium/ discount, a provision of Rs. 2,000 crores has been made in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Interest payments in the budget for 2013-14.
* It is to further inform that the buy-back transaction will be fiscal deficit as well as cash neutral.
DSM/RS/NK
(Release ID :92840) X X X X Extracts X X X X X X X X Extracts X X X X ..... release - PIB ..... X X X X Extracts X X X X X X X X Extracts X X X X
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