Economic Affairs Secretary SC Garg has announced a reduction in gross borrowing estimate for the current fiscal by 70,000 crore rupees and maintained that the government will contain fiscal deficit target at 3.3%.
Mr Garg gave the details about the borrowing programmes for the second half of the fiscal and announced that the government would be borrowing around 2 lakh 50,000 crore rupees as compared to 2 lakh 88,000 crores during April-September of 2018-19. The Centre will also launch inflation-indexed bonds, adding that one or two bond issues will come in the current fiscal.
Source- The Economic Times
Static/Current Takeaways Important for RRB Clerk Mains Exam 2018-
- Arun Jaitley is the present Finance Minister of India.
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