Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

India may cut market borrowing if small savings shoot up.


Date: 15-09-2023
Subject: India may cut market borrowing if small savings shoot up
India's market borrowing could be less than expected for the current fiscal year if small savings are more than projected, Economic Affairs Secretary Ajay Seth told Reuters on Thursday.


India has projected gross market borrowing at 15.43 trillion Indian rupees ($185.88 billion) for the fiscal year ending on March 31, of which it plans to borrow 8.88 trillion rupees between April and September.


The government has estimated that 26% of the projected fiscal deficit of 17.89 trillion rupees ($215.54 billion) will be funded by investments from the National Small Saving Fund (NSSF).


"Any additional receipts from small savings provide an opportunity to alter/reduce borrowings from other sources of financing the government's fiscal deficit," Seth said in an email.

In the first four months of this fiscal, small savings and deposits were at 41% of the full-year estimate of 2.93 trillion rupees, according to government data, indicating the inflows could surpass projections.


The government will finalise its October-March market borrowing by the end of this month.


Earlier this week, Finance Minister Nirmala Sitharaman said India may reconsider allowing local firms to list on foreign exchanges, signalling New Delhi could revive a plan put on hold for years due to domestic opposition and tax concerns.


Seth said the government will explore permitting Indian companies to list on overseas exchanges in future, following its experience of allowing listings in the International Financial Services Centre (IFSC), a new financial tax-neutral hub in India. ($1 = 83.0010 Indian rupees)

Source Name : Economic Times

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
8
+
3


What is New?

Date: 28-02-2025
Notification No. 12/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

Date: 14-02-2025
Notification No. 10/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

Date: 13-02-2025
Notification No. 14/2025-Customs
Seeks to amend Notification 11/2021-Customs dated 01.02.2021 to amend AIDC rate on Bourbon whiskey

Date: 11-02-2025
NOTIFICATION No. 09/2025–Central Tax
Seeks to bring rules 2, 8, 24, 27, 32, 37, 38 of the CGST (Amendment) Rules, 2024 in to force

Date: 03-02-2025
[F. No. CBIC-190354/236/2021-TRU]
Corrigendum to Notification No. 50 of 2024 Customs, dated the 30th December, 2024.

Date: 01-02-2025
Notification No. 13/2025-Customs
Seeks to further amend notification No. 153/94-Customs dated the 13 th July, 1994.

Date: 01-02-2025
Notification No. 12/2025-Customs
Seeks to further amend notification No. 19/2019 dated 06 th July 2019.

Date: 01-02-2025
Notification No. 11/2025 – Customs
Seeks to further amend notification No. 25/2002-Customs, dated the 1st March, 2002 so as to add capital goods to the already existing list of capital goods exempted from basic customs duty for manufacture of lithium-ion battery of mobile phones and electrically operated vehicles.

Date: 01-02-2025
Notification No. 09/2025-Customs
Seeks to further amend notification No. 16/2017-Customs, dated the 20 th April, 2017 so to exempt certain drugs for supply under Patient Assistance Programme run by specified pharmaceutical companies.

Date: 01-02-2025
Notification No. 07/2025-Customs
Seeks to further amend notification No. 11/2018-Customs dated 02 th February, 2018 so as to exempt specified goods from the whole of levy of Social Welfare Surcharge.



Exim Guru Copyright © 1999-2025 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001