September 29, 2018 8:20 AM

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Govt 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 per cent. <br />'' <br />'' Giving details about the borrowing programmes for the second half of the fiscal, Mr Garg said, 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. <br />'' <br />'' The Secretary said, the Centre will also launch inflation-indexed bonds, adding that one or two bond issues will come in the current fiscal.<br />''  

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