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Meeting on states’ borrowing plans on Wed

Meeting on states’ borrowing plans on Wed
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First Published: Tue, Oct 27 2009. 12 33 AM IST
Updated: Tue, Oct 27 2009. 12 33 AM IST
New Delhi: Finance secretary Ashok Chawla will meet state finance secretaries on Wednesday to discuss market borrowing programme of states, a government official said on Monday.
“The meeting is expected to discuss the borrowing calendar of states, borrowing requirement for the remaining part of the current year, and build up of cash balance,” the official said. The meeting will also discuss the need for additional market borrowing to bridge the shortfall in National Small Savings Fund during the current fiscal year to March.
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First Published: Tue, Oct 27 2009. 12 33 AM IST