Tag: State borrowings

Uttar Pradesh and Karnataka are projected to make the highest market borrowings in the third quarter of FY24. According to the Reserve Bank of India’s indicative borrowing calendar, Uttar Pradesh has projected a market borrowing of ₹31,500 crore in October-December quarter, while Karnataka is planning to raise ₹30,000 crore. Interestingly, the projected market borrowings of these two States in the first three quarters of the current fiscal have even exceeded their full year actual borrowings in FY23. For instance, Uttar Pradesh has projected a market borrowing of ₹71,500 crore...