Government pegs gross market borrowing at Rs 12.05 lakh crore for FY22
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Last Updated: Feb 01, 2021, 02:40 PM IST
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Sitharaman also said states will get 41 per cent share of taxes as per the 15th Finance Commission recommendation and the government has accepted the recommendation.
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Exemption from tax audit limit has been doubled to Rs 10 crore turnover for companies doing most of their business through digital modes, she said.
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NEW DELHI: The government will borrow Rs 12.05 lakh crore from the market in 2021-22, lower than the Rs 12.80 lakh crore estimated for the current financial year.
According to the Revised Estimate, the gross borrowing for the current financial year was raised to Rs 12.8 lakh crore as against the Budget Estimate of Rs 7.8 lakh crore, registering an increase of 64 per cent.
The RBI has repeatedly said it will ensure ample liquidity in the banking system for lending to productive sectors, and to ensure the government s borrowing programme goes through smoothly, which will require keeping yields in check., , Reserve Bank of India (RBI), economic situation, government borrowing, dbs bank