RBI raises Rs. 10,000 crore with 50-year bonds at 7.46%
The coupon rate of 7.46% is higher than the current yield on 10-year government securities, making it an attractive investment for those looking for long-term, stable returns.
Stay updated with the latest news and articles about fiscal deficit.
The coupon rate of 7.46% is higher than the current yield on 10-year government securities, making it an attractive investment for those looking for long-term, stable returns.
Up to July, the central government collected ₹5.8 trillion in tax revenue, which is a quarter of the ₹23.3 trillion full year target
The figures for the budget deficit in April–May 2023 was 2.10 lakh crore. According to the data, net tax receipts for the months of April through June totaled 4.3 lakh crore, or 18.6% of the annual projection, down from 5.06 lakh crore during the same period last year.
Fiscal deficit for 2020-21 stood at 9.3 per cent of the gross domestic product (GDP), more promising than 9.5 per cent projected in the adjusted estimates in the Budget in February.
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