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The Hindu
The Hindu
National
M Rajeev

Telangana to raise ₹10,200 cr. OMBs during second quarter

Dalit Bandhu Rythu Bandhu The State Government RBI

The State Government is continuing its tightrope walk in terms of financial resources to meet its immediate commitments like payments under Rythu Bandhu, Dalit Bandhu and other schemes.

The Government has decided to raise ₹10,200 crore through the sale of securities conducted by the Reserve Bank of India during the second quarter of the current financial year from July to September.

Accordingly, the Government raised ₹2,000 crore open market borrowings on July 4 and this will be followed by ₹1,000 crore each during the auctions conducted by the RBI on July 18 and August 1. The Government will raise ₹2,000 crore on August 14, ₹1,000 crore (August 29 and September 5), ₹1,200 crore (September 12 and ₹1,000 crore (September 21) market borrowings for the second quarter, according to the indicative calendar of the RBI.

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