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Current Affairs

GOI will Borrow Rs 51,000 crore in March 2020

Current context: The Reserve Bank of India (RBI) in consultation with the government has raised the borrowing target from short-term securities by Rs 51,000 crore during the month of March 2020.
GOI will Borrow Rs 51,000 crore in March 2020 

  • The decision is taken after reviewing the cash position of the Centre, in line with the Revised Estimate announced by the government in the Budget 2020-21.
  • The Budget 2020-21 has raised the net borrowing to Rs 4.99 lakh crore from Rs 4.48 lakh crore in the Budget Estimate.
  • As per the earlier calendar, the GOI was to borrow Rs 24,000 crore through treasury bills of various tenure.
  • The revised calendar has allowed the government to borrow Rs 75,000 crore through the treasury bills in three tranches.
  • As per the Finance Ministry, treasury bills worth Rs 25,000 crore will be auctioned on March 18, March 24 and March 30.

Question: 

Q.1 The Budget 2020-21 has raised the net borrowing to the Government of India to Rs _______ lakh crore from Rs 4.48 lakh crore in the Budget Estimate?
a. 5.89
b. 5.5
c. 4.99
d. 4.66
GOI will Borrow Rs 51,000 crore in March 2020 GOI will Borrow Rs 51,000 crore in March 2020 Reviewed by Neha Verma on March 17, 2020 Rating: 5

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