TaxTMI 
TaxTMI 
Government’s Gross Market Borrowings for 2012-13 & 2013-14 to be Fiscal Deficit as Well as Cash Neutral
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....overnment’s Gross Market Borrowings for 2012-13 & 2013-14 to be Fiscal Deficit as Well as Cash Neutral <br>News and Press Release<br>Dated:- 2-3-2013<br><BR>To finance the deficit, the Government's ....
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....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 Borrowing 4,79,000 4,84,000 Repayment 90,616 95,....
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....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 prac....
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....tice, 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/switch....
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....ing 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, 1....
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....7-18. 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 i....
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....n 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)<BR> News - Pres....
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....s release - PIB....