Nifty99000 100%

Sensex99000 100%

Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
RSS

News

India’s public debt at Rs 66.61 lakh crore in Dec quarter

Author: IANS/Friday, March 16, 2018/Categories: Government

India’s public debt at  Rs 66.61 lakh crore  in Dec quarter

New Delhi, March 15 - The Indian government's public debt increased to Rs 66.61 lakh crore by the end of the third quarter ending December, which represented a rise of 1.22% over the previous quarter, official data showed on March 15.

According to a Union Finance ministry release, the government's debt (excluding liabilities under the Public Account) was Rs 65.80 lakh crore at the end of the previous quarter of the fiscal ended September.

"Internal debt and marketable securities constituted 93.1% and 82.6%, respectively of the total public debt as at end-December 2017," it said. 

"During the third quarter of fiscal year 2017-18, the government issued dated securities worth Rs 1,64,000 crore, lower than Rs 1,89,000 crore in the second quarter of fiscal 2016-17, thus leading to cumulative issuance of Rs 5,21,000 crore (87.0% of 2017-18 RE) among others," the report said.

"The trading volume of government securities on an outright basis also witnessed a decline of 21.6% during the third quarter (Q3) of 2017-18 over the previous quarter," it added. 

According to the ministry, liquidity position in the economy remained broadly in surplus during the quarter.

"The cash position of the government during Q3 of FY18 was also comfortable and as a result the government did not resort to WMA (ways and means advances) from the RBI," it said.

The Finance Ministry set up a Public Debt Management Cell in 2016 to better manage the government's debt management functions. 

Print Rate this article:
No rating

Number of views (103)/Comments (0)

Kavita Giridhar Mallya

IANS

Other posts by IANS
Contact author

Leave a comment

Name:
Email:
Comment:
Add comment

Name:
Email:
Subject:
Message:
x

Videos

Ask the Finapolis.

I'm not a robot
 
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
 
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest
 
 

Categories

Disclaimer

The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free