Quick Summary
To operationalize the Special Window to States for meeting the GST Compensation Cess shortfall of` Rs. 1,10,000 crore the GoI borrowing calendar is being modified in consultation with RBI. For the remaining period of the fiscal year 2020-21 (October 19, 2020 to March 31, 2021) GoI will borrowan aggregate amount of Rs. 4,88,000 crore. The additional amount for meeting the GST compensation shortfall shall be raised equally @ Rs. 55,000 crore under the 3 year and 5 year tenors. An indicative cal
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
2 Years PLAN
3499
(Excl. of GST ₹629)
BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience. 07941056694
FAQ :
The borrowing calendar is being modified to operationalise a Special Window for States to meet the GST Compensation Cess shortfall of Rs. 1,10,000 crore.
The Government of India will borrow an aggregate amount of Rs. 4,88,000 crore for the remaining period of the fiscal year 2020-21 (October 19, 2020, to March 31, 2021).
The additional amount of Rs. 1,10,000 crore for the GST compensation shortfall will be raised equally, with Rs. 55,000 crore under the 3-year tenor and Rs. 55,000 crore under the 5-year tenor.
The modified borrowing calendar covers the period from October 19, 2020, to March 31, 2021.
Yes, all auctions will include a non-competitive bidding scheme where 5% of the notified amount is reserved for specified retail investors.
Yes, the Government of India, in consultation with the RBI, has the flexibility to modify the calendar regarding the amount, issuance period, maturities, and types of instruments, provided due notice is given to the market.
CAclubindia
