Government Cuts Gross Borrowing Estimate For Current Fiscal By Rs 70,000 crore

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.