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
+


What is New?

Date: 23-07-2024
Notification No. 39/2024-Customs
Seeks to amend notification No. 45/2017-Customs dated 30th June, 2017 in order to extend the time period of re-import.

Date: 23-07-2024
Notification No. 51/2024-Customs (N.T.)
Seeks to amend Customs Tariff (Identification, Assessment and Collection Countervailing Duty on Subsidized Articles and for Determination of Injury) Rules, 1995 to provide for New Shippers Review

Date: 23-07-2024
Notification No. 29/2024-CUSTOMS
Seeks to amend notification No. 154/94-Customs dated the 13th July, 1994 which provides for duty free import of commercial samples.

Date: 23-07-2024
Notification No. 31/2024-Customs
Seeks to amend notification No. 11/2021-Customs dated 1st February, 2021 so as to revise AIDC applicable on certainitems.

Date: 23-07-2024
Notification No. 33/2024-Customs
Seeks to amend notification No. 57/2000-Customs dated 8th May 2000, which provides concessional rate for gold, silver and platinum imported under specified schemes.

Date: 23-07-2024
Notification No. 34/2024-Customs
Seeks to amend notification related to electronics including Nos.25/1999-Customs, 25/2002-Customs and 57/2017- Customs.

Date: 23-07-2024
NOTIFICATION No. 35/2024-Customs
Seeks to amend notification No. 8/2020-Customs dated 1st February, 2020 in order to revise Health Cess on certain items.

Date: 23-07-2024
Notification No. 36/2024-Customs
Seeks to provide exemption/concessional rate of BCD and SWS to critical minerals.

Date: 23-07-2024
Notification No. 37/2024-Customs
Seeks to amend notification no. 27/2011-Customs dated 1st March, 2011 in order to amend the export duty on specified items of raw hides, skins and leather.

Date: 19-07-2024
Notification No. 50/2024 –Customs (N.T.)
Amendment to Notification No. 24/2023-Customs (N.T.) dated 01.04.2023 - Extension of RoDTEP support to exports by unit in SEZ.



Exim Guru Copyright © 1999-2024 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