The Government has finalised its borrowing programme for the first half (H1) of FY 2024-25, setting a figure of Rs 7.50 lakh crore, in the first half of the next fiscal through dated securities. This is 53.08 per cent of its gross market borrowing of ₹14.13 lakh crore projected for FY 2024-25 in the Union Budget. The amount to be borrowed in H1 includes ₹12,000 crore through issuance of sovereign green bonds (SGrBs), the Finance Ministry said on Wednesday. These bonds are essentially, a debt instrument involving significant fixedincome borrowing by corporations, governments or institutions to fund green initiatives and promote ecological conservation.
This story is from the March 28, 2024 edition of The Business Guardian.
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This story is from the March 28, 2024 edition of The Business Guardian.
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