{"id":8451,"date":"2024-06-14T03:38:09","date_gmt":"2024-06-14T03:38:09","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=8451"},"modified":"2024-06-14T03:38:09","modified_gmt":"2024-06-14T03:38:09","slug":"telangana-mulls-new-loan-calendar-to-tide-over-funds-crunch","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/telangana-mulls-new-loan-calendar-to-tide-over-funds-crunch\/","title":{"rendered":"Telangana mulls new loan calendar to tide over funds crunch"},"content":{"rendered":"

Despite earning a record income of around Rs 62,000 crore in the first six months of this fiscal, theTelanganagovernment has proposed a new loan calendar schedule of Rs 8,578 crore for three months (October, November, and December) due tofund crunch.<\/p>\n

The state finance department has submitted this schedule to theReserve Bank Of India<\/a><\/u>(RBI) and hopes to raise Rs 3,500 crore in in October, one of the highest for any month.<\/p>\n

This is cause for concern given that the State Government<\/a> is feeling the pinch of the Union Government<\/a>‘s loan calendar cuts, which total around Rs 8,814 crore this fiscal year, said sources. In the next two months along with October, bonds will be raised once every two weeks. The total amount of bonds to be raised in November will be Rs 3,000 crore and Rs 2,078 crore in December.<\/p>\n

The state has proposed raising Rs 53,000 crore as bonds in the budget document (2022-23), but only managed to raise Rs 19,500 crore so far. The Union finance department was strict with the state governments at the start of this fiscal year, stating that off-budget borrowings (loans taken as bank guarantees given to state-owned corporations by the state governments) will be considered as part of theFiscal Responsibility Budget Management(FRBM) rules to be adhered to by the states. According to these rules, states have to limit the total loan burden to 3% of GDP.<\/p>\n","protected":false},"excerpt":{"rendered":"

Despite earning a record income of around Rs 62,000 crore in the first six months of this fiscal, theTelanganagovernment has proposed a new loan calendar schedule of Rs 8,578 crore for three months (October, November, and December) due tofund crunch. The state finance department has submitted this schedule to theReserve Bank Of India(RBI) and hopes … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1097],"tags":[772],"class_list":["post-8451","post","type-post","status-publish","format-standard","hentry","category-telangana","tag-11-10-22"],"yoast_head":"\nTelangana mulls new loan calendar to tide over funds crunch - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/telangana-mulls-new-loan-calendar-to-tide-over-funds-crunch\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Telangana mulls new loan calendar to tide over funds crunch\" \/>\n<meta property=\"og:description\" content=\"Despite earning a record income of around Rs 62,000 crore in the first six months of this fiscal, theTelanganagovernment has proposed a new loan calendar schedule of Rs 8,578 crore for three months (October, November, and December) due tofund crunch. 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The state finance department has submitted this schedule to theReserve Bank Of India(RBI) and hopes ... 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