Telangana will have to wait for a few more days for Open Market Borrowings raised by the RBI on behalf of State governments.
Telangana’s name did not figure in the list of States participating in the auction of securities for raising OMBs to be conducted by the RBI on May 24 (Tuesday). Andhra Pradesh, Jammu & Kashmir, Maharashtra, Manipur, Mizoram, Rajasthan and West Bengal are participating in the auction of securities through the e-Kuber platform.
The delay in grant of approval by the Centre for raising funds through OMBs in line with Article 293 of the Constitution has held back the State from participating in the auction of securities or raising State Development Loans since the commencement of the current financial year. The State planned to raise ₹15,000 crore through OMBs during the first quarter, but could not do so because of the inordinate delay by the Centre to give its nod.
