States borrow ₹30,790 crore in the Nov auction; FY25 borrowings stand at 2.1 tn
3 weeks, 6 days ago

States borrow ₹30,790 crore in the Nov auction; FY25 borrowings stand at 2.1 tn

Live Mint  

Twelve states collectively raised ₹30,790 crore on Tuesday through state government securities auctions for November, reflecting a pick-up in economic activity after a sluggish start to the fiscal year, according to data released by the Reserve Bank of India. Incidentally, state borrowings through dated government securities had seen a rise following a slowdown during Q1FY25, when states raised ₹52,971 crore, with seven of them raising ₹14,700 crore in April, nine raising ₹21,200 crore in May, and nine raising ₹17,071 crore in June. According to experts, 12 states made 10 issuances in the November auctions, with the 10-year state government yield varying from 7.14% for Andhra/Tamil Nadu to 7.18% for Bihar. Also Read: GDP: How consumers saved the day as government spending slowed during polls Incidentally, the ministry of finance on Monday, in its October review, said economic momentum showed signs of revival during the month, buoyed by high-frequency indicators such as the Purchasing Managers’ Index and e-way bill generation, which pointed to a rebound in rural and urban demand.

India States State Crore Government Spending Raising  borrow  raising  fy25  30790  auctions  states  according  spending  auction  slowed  slowdown  stand  state  pradesh  nov  crore  borrowings  tn

History of this topic

State-run banks to raise nearly Rs 55,000 crore in bond sales for core capital boost
2 weeks, 5 days ago

State-run banks to raise nearly Rs 55,000 crore in bond sales for core capital boost

New Indian Express  

MUMBAI: Public sector banks have chalked out major debt-fund raising plans to the tune of Rs 54,800 crore by selling additional tier-1 and tier-2 bonds in the remainder of the current financial year to shore up their regulatory capital or core capital. So far in FY25, only State Bank of India and Canara Bank have issued AT-1 bonds, raising Rs …

Centre releases ₹50,571 cr to states as capex loans during Apr-Nov: MoS finance
3 weeks ago

Centre releases ₹50,571 cr to states as capex loans during Apr-Nov: MoS finance

Live Mint  

The Union government has released ₹50,571.42 crore to states as part of its ‘special assistance for capital investment’ scheme to be used for ramping up capital expenditure during the first eight months of the ongoing fiscal, according to the latest data from the finance ministry. Responding to a question from Member of Parliament Dilip Saikia in the Lok Sabha, Pankaj …

Capital spending of 13 major states to be below budget estimate in FY25 after sluggish start: Icra
2 months, 1 week ago

Capital spending of 13 major states to be below budget estimate in FY25 after sluggish start: Icra

Live Mint  

New Delhi: The combined capital spending of 13 major state governments in India is expected to grow by 13% to ₹6.5 trillion in FY25, below the budget estimate of ₹7.2 trillion, rating company Icra said on Wednesday. {{^adFree}} {{/adFree}} A sluggish start to capital expenditure and an expected shortfall in revenue due to elections during April-May are likely to have …

India bond yields may inch higher ahead of over $4 bln state debt sale
3 months, 3 weeks ago

India bond yields may inch higher ahead of over $4 bln state debt sale

Hindustan Times  

By Dharamraj Dhutia India bond yields may inch higher ahead of over $4 bln state debt sale MUMBAI, - Indian government bond yields may open a tad higher on Tuesday, as traders brace for higher-than-expected supply from states later in the day, while U.S. Treasury yields remained largely unchanged. "With global factors going quite, focus will once again shift to …

Nearly 85% of capital expenditure loans to states released in FY24: Finance ministry
4 months, 3 weeks ago

Nearly 85% of capital expenditure loans to states released in FY24: Finance ministry

Live Mint  

New Delhi: The Union government released about ₹1.10 trillion of the ₹1.3 trillion allocated to states in 2023-24 as interest-free loans towards developing infrastructure and specific reforms, with Uttar Pradesh, Madhya Pradesh, and Bihar cornering a large portion of the funds. Uttar Pradesh received the most funds, ₹19,215.08 crore, while Madhya Pradesh secured ₹12,636.21 crore, Bihar ₹8,814.80 crore, Rajasthan ₹8,513.42 …

Government cuts borrowing target to ₹14.01 lakh crore for 2024-25
5 months ago

Government cuts borrowing target to ₹14.01 lakh crore for 2024-25

Hindustan Times  

The government has lowered its borrowings estimate for the current financial year to 14.01 lakh crore as there is an improvement in tax collection. Union Finance Minister Nirmala Sitharaman showcases a red pouch carrying the Budget documents, outside the Finance Ministry in North Block The government has to borrow by issuing dated securities to meet its fiscal deficit target. The …

Tamil Nadu government plans to borrow ₹24,000 crore in Q2, 2024-25
5 months, 3 weeks ago

Tamil Nadu government plans to borrow ₹24,000 crore in Q2, 2024-25

The Hindu  

Tamil Nadu government plans to borrow ₹24,000 crore in the second quarter of fiscal 2024-2025, as per the Indicative Calendar of Market borrowings by State governments/Union Territories, released by the Reserve Bank of India. Tamil Nadu government plans to borrow a total amount of ₹1,55,584.48 crore during 2024-25 and make repayment of ₹49,638.82 crore, as per the State Budget. At …

Ajit Pawar presents interim budget, state debt reaches ₹7.82 lakh crore
9 months, 3 weeks ago

Ajit Pawar presents interim budget, state debt reaches ₹7.82 lakh crore

Hindustan Times  

MUMBAI: Finance minister Ajit Pawar on Tuesday presented a ₹6 lakh crore interim budget with a revenue deficit of ₹9,734 crore. While the government is aiming for a $1trillion state economy, its debt burden has reached ₹7.82 lakh crore after a net borrowing of ₹72,000 crore. The PM has announced welfare schemes for youth, women, the poor and farmers, which …

Tamil Nadu plans to borrow ₹37,000 crore in the last quarter of fiscal 2023-24
11 months, 3 weeks ago

Tamil Nadu plans to borrow ₹37,000 crore in the last quarter of fiscal 2023-24

The Hindu  

The Tamil Nadu government plans to borrow ₹37,000 crore in the fourth quarter of fiscal 2023-24, according to the indicative calendar of market borrowings released by the Reserve Bank of India. So far in fiscal 2023-24, Tamil Nadu’s total tax revenue stood at about ₹1.27 lakh crore, which is 57.27% of the budgeted estimates, according to the provisional figures from …

Off-budget borrowings of Andhra Pradesh government put at ₹79,815 crore, says Centre
1 year, 4 months ago

Off-budget borrowings of Andhra Pradesh government put at ₹79,815 crore, says Centre

The Hindu  

The Central government has said that the off-budget borrowings by the Andhra Pradesh government will be considered as State government loans. Andhra Pradesh government’s off-budget borrowings stand at ₹79,815 crore and the excess over the borrowings by the State government will be adjusted in the subsequent financial years, it has said. Giving a reply to a question raised by TDP …

AP Exhausted 97.4% of Credit Limit under RBI: TD
1 year, 4 months ago

AP Exhausted 97.4% of Credit Limit under RBI: TD

Deccan Chronicle  

Vijayawada: National spokesman of Telugu Desam, Kommareddy Pattabhiram on Sunday tore into the Chief Minister Y.S. Jagan Mohan Reddy-led Andhra Pradesh government, saying it had already exhausted 97.4 per cent of its credit limit under the Reserve Bank of India. He said at Rs 40,000 crore, Tamil Nadu had borrowed more than AP this financial year but it was okay …

Centre permits TS to borrow Rs 12,500 crore in Q1 of FY 2023-24
1 year, 8 months ago

Centre permits TS to borrow Rs 12,500 crore in Q1 of FY 2023-24

Deccan Chronicle  

Hyderabad: The Centre has permitted Telangana state government to borrow Rs 12,500 crore through auction of bonds in the first quarter of the new fiscal. Due to the restrictions imposed by the Centre on the loans, the state government could not borrow nearly Rs 14,000 crore that was provisioned in the Budget in the 2022-23 fiscal, which ended on Friday. …

Data | Five Southern States took off-Budget loans worth ₹2.34 lakh crore in FY21
1 year, 9 months ago

Data | Five Southern States took off-Budget loans worth ₹2.34 lakh crore in FY21

The Hindu  

While tabling the Budget a week ago, Telangana Finance Minister T. Harish Rao accused the Centre of “creating hurdles after hurdles” in the development of the State. Five Southern States — Telangana, Andhra Pradesh, Kerala, Tamil Nadu and Karnataka — accounted for ₹2.34 lakh crore, around 93%, of the total off-Budget liabilities of eleven major States analysed. In almost all …

State-Owned Banks Write Off Rs 29,000-Crore Bad Loans In December 2022 Quarter: Report
1 year, 10 months ago

State-Owned Banks Write Off Rs 29,000-Crore Bad Loans In December 2022 Quarter: Report

News 18  

State-owned banks wrote off bad loans worth Rs 29,000 crore in the December 2022 quarter, higher as compared with Rs 23,000 crore in the corresponding quarter last year, as part of a clean-up exercise, according to a CARE Ratings report. The write-offs by public sector banks in April-December 2022 were Rs 81,000 crore, which were lower than the Rs 90,000 …

Puducherry government to raise ₹250 crore from open market to bridge revenue gap
1 year, 10 months ago

Puducherry government to raise ₹250 crore from open market to bridge revenue gap

The Hindu  

The Puducherry government is set to raise ₹250 crore through the auction of 18-year dated securities to bridge revenue gaps for the current financial year. “The amount of ₹250 crore raised through auction will be the last open market borrowing for the current financial year. In this fiscal, the government has so far borrowed ₹1,424 crore, including ₹100 crore as …

State’s tax burden shoots up to Rs 3.57 lakh crore
1 year, 10 months ago

State’s tax burden shoots up to Rs 3.57 lakh crore

Deccan Chronicle  

HYDERABAD: The debt burden on the state government will increase to Rs 3.57 lakh crore in 2023-24, according to the Budget. In 2020-21, the debt burden state was Rs 2,44,019 crore, which was 25.4 per cent of GSDP. In 2022-23, the debt burden increased to Rs 3,22,993 crore as per the revised estimates, which was 24.3 per cent of GSDP. …

Expect States to tap ₹1.3 lakh crore capex loan window quicker: Nirmala Sitharaman
1 year, 10 months ago

Expect States to tap ₹1.3 lakh crore capex loan window quicker: Nirmala Sitharaman

The Hindu  

Finance Minister Nirmala Sitharaman on Thursday exuded confidence that States will sign up as early as April to avail the ₹1.3 lakh crore of interest-free loans offered to them in Budget 2023-24 for capital expenditure, much faster than they did in the current financial year. This 50-year interest-free loan window for States constitutes a critical part of the government’s ambitious …

Budget 2023 | Govt to borrow record ₹15.4 lakh crore in FY24 to bridge revenue gap
1 year, 10 months ago

Budget 2023 | Govt to borrow record ₹15.4 lakh crore in FY24 to bridge revenue gap

The Hindu  

The government plans to borrow a record ₹15.4 lakh crore from dated securities in FY24 to meet its expenditure requirement to prop up the economy. Finance Minister Nirmala Sitharaman while presenting the Budget on February 1 said the net market borrowings from dated securities are estimated at ₹11.8 lakh crore to finance the fiscal deficit in 2023-24. The gross market …

Budget 2023 may peg gross borrowing under ₹16 trillion: Report
1 year, 10 months ago

Budget 2023 may peg gross borrowing under ₹16 trillion: Report

Live Mint  

India's federal government is likely to keep its gross market borrowing below ₹16 trillion for 2023/24 as it does not want to destabilise the bond market with any negative surprises, two sources close to the deliberations said. The government has so far raised ₹12.93 trln up to Jan. 27, which is 91% of the overall gross borrowing target of ₹14.21 …

Budget likely to cap fiscal deficit at 5.8% for FY24; Centre's borrowings to rise
1 year, 11 months ago

Budget likely to cap fiscal deficit at 5.8% for FY24; Centre's borrowings to rise

The Hindu  

The Centre and States are likely to budget for higher market borrowings to the tune of ₹2.3 lakh crore next fiscal even though the Union budget may peg a lower-than-expected fiscal deficit for the Centre at 5.8% of GDP, says a report. She also expects the forthcoming budget to enhance the Centre's capex to Rs 8.5-9 lakh crore and target …

Market Borrowings of Centre, States Seen At Rs 24.4 Lakh Crore In FY2024: ICRA
1 year, 11 months ago

Market Borrowings of Centre, States Seen At Rs 24.4 Lakh Crore In FY2024: ICRA

News 18  

The government will peg its fiscal deficit in the FY2024 Budget Estimates at 5.8 per cent of the GDP, a healthy moderation from the 6.4 per cent of GDP projected for FY2023, according to a report by ratings agency ICRA. Aditi Nayar, chief economist and head of ICRA, said, “With a global growth slowdown looming large, the FY2024 Union Budget …

Banks raise record Rs 91,500 crore in debt capital in FY23 so far: Report
1 year, 11 months ago

Banks raise record Rs 91,500 crore in debt capital in FY23 so far: Report

India TV News  

Amid tight liquidity condition, banks have issued a record quantum of bonds, with gross issuances hitting an all-time high of Rs 91,500 crore so far this fiscal, and are likely to close the financial year with around Rs 1.4 lakh crore. 4 lakh crore this fiscal as debt sales have already hit record high of Rs 0.915 lakh crore, surpassing …

States may undershoot planned borrowings for Jan.-March: analysts
1 year, 11 months ago

States may undershoot planned borrowings for Jan.-March: analysts

The Hindu  

States may not borrow as much as the record $41 billion they plan to in the January-March quarter, which will help keep the spread between State and central government bond yields in check, analysts said. States plan to sell bonds worth ₹3.41 trillion, the highest quarterly borrowing ever scheduled, in the last three months of the financial year, according to …

Indian states may undershoot planned borrowings for Jan-Mar quarter: Analysts
1 year, 11 months ago

Indian states may undershoot planned borrowings for Jan-Mar quarter: Analysts

Live Mint  

Indian states may not borrow as much as the record $41 billion they plan to in the January-March quarter, which will help keep the spread between state and central government bond yields in check, analysts said. States plan to sell bonds worth 3.41 trillion rupees, the highest quarterly borrowing ever scheduled, in the last three months of the financial year, …

Government aims to borrow ₹10,000 crore less in FY23 on tax mop up
2 years, 2 months ago

Government aims to borrow ₹10,000 crore less in FY23 on tax mop up

The Hindu  

The government on Thursday slashed its market borrowing target for FY23 by ₹10,000 crore, indicating buoyant tax collections which would be enough to bear ₹44,762 crore additional expense on free ration distribution. In a statement, the Finance Ministry said the government will do total borrowing of ₹5.92 lakh crore during October-March period of the current fiscal, including from issuance of …

AP government borrows more than ₹29,000 crore through SPVs, Public sector companies
2 years, 4 months ago

AP government borrows more than ₹29,000 crore through SPVs, Public sector companies

The Hindu  

The State Government has borrowed more than ₹29,000 crore since the 2020-21 financial year through State Public Sector companies/corporations, Special purpose vehicles and other equivalent instruments. Replying to a question by TDP Rajya Sabha member Kanakamedala Ravindra Kumar on Tuesday, Union minister of state for Finance Pankaj Chaudhary said that the Andhra Pradesh government has declared borrowings of ₹22,549.50 crore …

TS government raises Rs.4000 crore through auction of bonds
2 years, 6 months ago

TS government raises Rs.4000 crore through auction of bonds

Deccan Chronicle  

HYDERABAD: The state government on Tuesday raised Rs.4,000 crore through auction of bonds conducted by the Reserve Bank of India. This is for the first time that the state government has raised loans in this fiscal after the Centre halted Telangana from raising loans in the first two months of this fiscal. The state government requested the Centre to allow …

Govt Allows to 10 States to Borrow Additional Rs 28,204 Cr for Power Sector Reforms
2 years, 8 months ago

Govt Allows to 10 States to Borrow Additional Rs 28,204 Cr for Power Sector Reforms

News 18  

The finance ministry on Thursday said 10 states were given the permission to borrow an additional Rs 28,204 crore in FY22 for undertaking power sector reforms. “Department of Expenditure, Ministry of Finance, has granted additional borrowing permission of Rs 28,204 crore to 10 states for undertaking the stipulated reforms in power sector in 2021-22,” it said in a statement. In …

Telangana government raised ₹2.41 lakh crore loans since its formation
2 years, 9 months ago

Telangana government raised ₹2.41 lakh crore loans since its formation

The Hindu  

The State has borrowed ₹2.41 lakh crore in the form of loans from various agencies since its formation in 2014-15. Loans from the open market constituted the major chunk of borrowings at ₹2.18 lakh crore while money raised from power bonds/UDAY scheme was pegged at ₹8,923 crore. The Central government allowed additional borrowings of ₹1,435 crore in 2019-20 for relief …

Telangana to raise Rs 1,187 crore through auction of bonds
2 years, 11 months ago

Telangana to raise Rs 1,187 crore through auction of bonds

Deccan Chronicle  

Hyderabad: The state government has decided to raise another Rs 1,187 crore through auction of bonds by the Reserve Bank of India on Tuesday. With this, the total borrowings of the state government through auction of bonds will cross Rs 30,000 crore mark in the current fiscal 2021-22. As the Covid pandemic since March 2020 adversely affected the state government's …

States Close FY21 with Borrowing 3% Less Than Notified Rs 8.24 Lakh Crore
3 years, 8 months ago

States Close FY21 with Borrowing 3% Less Than Notified Rs 8.24 Lakh Crore

News 18  

The states and Union Territories have collectively borrowed Rs 7.98 lakh crore from the markets in 2020-21 ending March which is Rs 25,393 crore or around 3 per cent less than the indicated debt for the fiscal. In FY21, 28 states and two Union Territories have cumulatively raised Rs 7.98 lakh crore from markets which is 26 per cent more …

Tamil Nadu’s borrowing touch ₹82,000 crore in FY2020-21
3 years, 9 months ago

Tamil Nadu’s borrowing touch ₹82,000 crore in FY2020-21

The Hindu  

Tamil Nadu’s market borrowings has touched ₹82,000 crore in FY2020-21, up 37% from ₹59,990 crore in the comparable period last year. On Tuesday, Tamil Nadu raised ₹2,500 crore through re-issue of a 10-year bond also called as State Development Loans. Tamil Nadu, Maharashtra, Uttar Pradesh, Karnataka, Rajasthan and Andhra Pradesh have been the top six borrowing states, accounting for 53% …

Borrowing 43% More in First 9 Months, States Fall Deeper into Debt Trap
3 years, 11 months ago

Borrowing 43% More in First 9 Months, States Fall Deeper into Debt Trap

News 18  

At Rs 5,55,900 crore, the states whose finances have been ravaged by the pandemic, have snapped up as much as 43.5 per cent more debt from the market during the first nine months of the current fiscal with the conclusion of the last auction on Tuesday when 13 of them borrowed Rs 18,900 crore. But given the steep fall in …

AP Govt's Borrowings for First Half of 2020-21 Fiscal Far Exceeded Revenues, Says CAG Report
4 years, 1 month ago

AP Govt's Borrowings for First Half of 2020-21 Fiscal Far Exceeded Revenues, Says CAG Report

News 18  

The Andhra Pradesh government’s borrowings for the first half of the 2020-21 fiscal far exceeded revenues and the revenue deficit touched a staggering Rs 45,472.77 crore, according to the state finance accounts released by the Comptroller and Auditor General. AP’s tax revenue during the April-September period was just Rs 29,936.39 crore, compared to Rs 41,904.25 crore during the corresponding period …

Tamil Nadu, 20 Other States to Borrow Additional Rs 78,452 Cr to Meet Revenue Shortfall
4 years, 2 months ago

Tamil Nadu, 20 Other States to Borrow Additional Rs 78,452 Cr to Meet Revenue Shortfall

News 18  

A day after granting permission to 20 states for mobilising Rs 68,825 crore, the government on Wednesday allowed Tamil Nadu to raise an additional Rs 9,627 crore through open market borrowings to bridge the revenue shortfall caused by the COVID-19 pandemic. The borrowing permission issued to the 21 states is over and above the borrowing permission of around Rs 1.10 …

Amid Stalemate, Centre Permits 20 States to Raise Rs 68,825 Cr Via Borrowing to Meet GST Shortfall
4 years, 2 months ago

Amid Stalemate, Centre Permits 20 States to Raise Rs 68,825 Cr Via Borrowing to Meet GST Shortfall

News 18  

The Centre on Tuesday permitted 20 states to raise Rs 68,825 crore through open market borrowings to bridge the GST revenue shortfall. The Centre had in August given two options to the states — to borrow either Rs 97,000 crore from a special window facilitated by the RBI or Rs 2.35 lakh crore from the market. The Department of Expenditure, …

States' Market Borrowings Jump 55% to Rs 3.75 Lakh Crore So Far This Fiscal
4 years, 2 months ago

States' Market Borrowings Jump 55% to Rs 3.75 Lakh Crore So Far This Fiscal

News 18  

The states' market borrowings have jumped 55 per cent to Rs 3.75 lakh crore so far this fiscal, or 75 per cent of the budgeted amount, with 17 of them raising an additional Rs 22,350 crore from the latest auction of state development loans held on Tuesday. So far this fiscal year, 28 states and two Union Territories have cumulatively …

Government to borrow ₹4.34 trillion in H2 as planned in May
4 years, 2 months ago

Government to borrow ₹4.34 trillion in H2 as planned in May

Live Mint  

NEW DELHI: The central government on Wednesday said it will borrow ₹4.34 trillion in the second half of the fiscal, sticking to its ₹12 trillion borrowing plan for the whole year as decided in May. Economic affairs secretary Tarun Bajaj, at a briefing, said the borrowing target was raised to ₹12 trillion in May from the originally budgeted figure of …

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