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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 - News and Press Release Dated:- 2-3-2013 - News - To finance the deficit, the Government s budgeted 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 Bor ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rowing 4,79,000 4,84,000 Repayment 90,616 95,009* 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 practice, the calendar of borrowing will be issued for this amo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... unt 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/switching 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, 17-18. This is part of medium term consolidation process. Sinc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e 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 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) - News - Press release - PIB Tax Management India - taxmanagementindia - t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... axmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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