Economy | ‘Borrowing front-loaded; to be adjusted later’

Economy | ‘Borrowing front-loaded; to be adjusted later’
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First Published: Tue, Jun 02 2009. 10 03 PM IST
Updated: Tue, Jun 02 2009. 10 03 PM IST
New Delhi: Finance secretary Ashok Chawla said on Tuesday the government’s market borrowing is being front-loaded and will be adjusted later during the year. Asked if the trend of higher borrowing will continue through June, Chawla said, “The borrowing is being front-loaded.”
In the last two consecutive auctions on 22 and 28 May, the government borrowed Rs15,000 crore each against the indicated Rs12,000 crore.
For the auction on 5 June , it will again borrow Rs15,000 crore against the indicated Rs12,000 crore.
— Newswire18
Assocham asks for Rs1 trillion stimulus
New Delhi: Industry lobbying, Associated Chambers of Commerce and Industry of India (Assocham) has asked the Union government for a stimulus package of Rs1 trillion, especially for the construction and infrastructure sectors, as part of its agenda for the new government.
It has asked for lowering of interest rates, disinvestment of government equity in leading public sector undertakings up to 49% and navratna status for major public sector banks.
— Shabana Hussain
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First Published: Tue, Jun 02 2009. 10 03 PM IST