Borrowing cost hardens with surge in state bond issuances https://ift.tt/Sfe0GN5 April 1, state governments have raised ₹1.4 lakh crore through the sale of bonds as against ₹84,240 crore in the same period in the previous financial year, the RBI data showed. On a gross basis, sales of state government bonds were anyway set to outstrip the previous year issuance due to larger redemptions lined up this year
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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