Thursday, July 7, 2022
Market-Reporter
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
Market-Reporter
No Result
View All Result
Home Bonds

Covid-hit Telangana to raise Rs 3,000 crore via bonds today, highest in a day | Hyderabad News

MtR by MtR
June 15, 2021
in Bonds
0
Covid-hit Telangana to raise Rs 3,000 crore via bonds today, highest in a day | Hyderabad News


HYDERABAD: Hit hard by Covid-19 and hobbled by a severe fund crunch, the Telangana government will raise Rs 3,000 crore via bonds. This is the highest single-day fund raise via bonds since the state’s formation.
This will also be the highest-ever total auction value in the April-June financial quarter. The auction on Tuesday will take the total amount raised by the state government in this financial quarter to Rs 11,500 crore.
Sources in the government said that the funds would be used for the implementation of Rythu Bandhu scheme for this season. There is an additional requirement of Rs 1,000 crore for the implementation of the PRC recommendations for state government employees.
Experts said this would be much more than what was indicated by the state government to Reserve Bank of India for the financial quarter.
Telangana authorities said it would raise Rs 8,000 crore in this financial quarter as the government had already raised Rs 3,500 crore with the auction of bonds on June 1 and June 8 of this month.
There is also a plan to raise bonds on June 22 and June 29 of this month. In addition to raising extra bonds, the government has also planned land auctions.
When contacted, Planning Board vice chairman B Vinod Kumar said the auction was not worrisome as there has been a very good response for the auction at RBI for state development loans.
“Depending on the response from the buyer, RBI allows the state their limits. We always had a good run with bonds, with long term repayment schedules and low interest rates,” he said.
There is a dip in the revenues to the tune of Rs 3,000 crore due to lockdown in the month of May. Sources in the government said even if the state earns Rs 8,000 crore extra this year as GST and other taxes, there will still be some fund shortage.





Source link

Related articles

Research: Rating Action: Moody’s assigns Aaa to Essex County, NJ’s GOULT bonds; outlook stable

July 6, 2022

ACEN plans P30-B bonds, readies 458-MW solar farms

July 6, 2022

Related Posts

Research: Rating Action: Moody’s assigns Aaa to Essex County, NJ’s GOULT bonds; outlook stable

by MtR
July 6, 2022
0

No Related Data. © 2022 Moody’s Corporation, Moody’s Investors Service, Inc., Moody’s Analytics, Inc. and/or their licensors and affiliates...

ACEN plans P30-B bonds, readies 458-MW solar farms

by MtR
July 6, 2022
0

AC ENERGY Corp. (ACEN) is planning a P30-billion debt securities program to be shelf-registered with the corporate regulator, with a...

China’s special bonds reach RMB 1.37 trillion in June

by MtR
July 6, 2022
0

China’s Ministry of Finance (MOF) announced that in June this year China issued RMB 1.37 trillion ($0.2 trillion) of new...

Bonds and ETFs find favour on NZX in June

by MtR
July 6, 2022
0

Business6 Jul, 2022 05:50 AM3 minutes to readBonds and ETFs found favour on the NZX in June. Photo / File...

Report: Green bonds flying in China

by MtR
July 6, 2022
0

China last year emerges as the world"s second-largest green bond market amid the country's green transformation. Unbeknownst to many, China...

Load More
  • Trending
  • Comments
  • Latest

Bank of England tells ministers to intervene on digital currency ‘programming’

June 21, 2021

Tips for checking smoke alarms during daylight saving time

March 12, 2022

GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

July 9, 2021
Fed tapering and emerging markets

Fed tapering and emerging markets

June 7, 2021
African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

0
Maxum Foods releases Global Dairy Commodity Update for June

Maxum Foods releases Global Dairy Commodity Update for June

0
Letter: Perpetual bonds can help states fight hunger

Letter: Perpetual bonds can help states fight hunger

0
United Kingdom ETFs Are Riding the Re-Opening Momentum

United Kingdom ETFs Are Riding the Re-Opening Momentum

0

Automotive Sun Gear Market Size, Share And Forecast to 2028

July 7, 2022

Online Gaming Market Size to Achieve USD 132 Billion by

July 7, 2022

SPYR, Inc. Issues Statement on Recently Identified

July 7, 2022

Japan could be about to surprise markets with monetary policy

July 7, 2022

Recent News

Automotive Sun Gear Market Size, Share And Forecast to 2028

July 7, 2022

Online Gaming Market Size to Achieve USD 132 Billion by

July 7, 2022

SPYR, Inc. Issues Statement on Recently Identified

July 7, 2022

Categories

  • Asia
  • Bonds
  • Canada
  • Commodities
  • Cryptocurrencies
  • Currencies
  • Emerging Markets
  • ETFs
  • Europe & Middle East
  • IPOs
  • Latin America
  • Mutual Funds
  • Personal Finance
  • Real Estate
  • Retirement
  • Spending & Saving
  • Stocks
  • U.S. Markets
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Market-Reporter

No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate

© 2021 Copyright Market-Reporter