HindustanTimes Sat,23 Aug 2014

No change in govt borrowing plan as of now: RBI

PTI  Mumbai, September 22, 2012
First Published: 20:21 IST(22/9/2012) | Last Updated: 20:26 IST(22/9/2012)

Reserve Bank deputy governor H R Khan on Saturday said there has not been any change in the government borrowing programme for this fiscal as of now.


"As of now, we are going as per the budgeted amount (of borrowing)," Khan told reporters on the sidelines of a conference in Mumbai.

Earlier this week, Deputy Governor Subir Gokarn said, "the central bank has no formal communication about enhanced borrowing so far, so there is no reason for us to change our baseline assumption."

The government plans to borrow about Rs. 5.69 lakh crore this fiscal out of which it had already borrowed around 65 per cent during the April-September period.

On FDI in multi-brand retail, Khan said the government's decision is likely to improve the inflation situation on expected better supply, value chain management and use of best practices.

more from Mumbai

Mumbai's Colaba-Seepz metro line work to begin soon: Venkaiah

Ahead of the upcoming Maharashtra Assembly polls, the Centre has pushed another big ticket infra project with Union Minister Venkaiah Naidu saying that the groundbreaking ceremony of the Colaba-Seepz metro project will be held soon.
Most Popular
Copyright © 2014 HT Media Limited. All Rights Reserved