Interest accrued on motor accident compensation will no longer attract TDS See 'Corp Brief') FM proposes uniform MAT Treatment for non-resident opting for Presumptive Tax See 'Corp Brief') Tax certainty for non-resident individuals See 'Corp Brief') Govt. revised criteria for Inter-Group loan exclusion from 'Dividend' definition See 'Corp Brief') FDI Limit in Insurance Sector raised to 100%, subject to full domestic investment of premiums See 'Corp Brief') Govt to facilitate ICAI, ICSI, ICMAI to run short-term know-how courses for youth See 'Corp Brief') Government to set up 'BharatTradeNet' as Unified Digital Platform for international trade See 'Corp Brief') Sovereign Gold Bond Capital Gains exemption to apply only to original holders at maturity See 'Corp Brief') CSIR-NIO's Vizag Centre to play key role in offshore energy: MoS (See 'Corp Brief') FEMA - Statement recorded u/s 37 of FEMA did not amount to confession of criminal offence: HC (See 'Legal Desk') International Olympic Academy Director impressed by India's vision for sports (See 'Corp Brief') WB ranks India among top 5 in terms of private investment in infra (See 'Corp Brief') SEBI - In absence of explicit permission/exemption with respect to RFQ requirements, Noticee should have suspended its services if it was not feasible to engage large amounts of funds into working capital: SEBI (See 'Legal Desk') Survey: India should focus on application-based AI tools (See 'Corp Brief') IBC - NCLT can't decide title disputes over assets, including IPRs such as trademarks, unless they have direct & proximate nexus with insolvency resolution process: SC (See 'Legal Desk') UNCTAD ranks India as leading economy in trade partner diversification (See 'Corp Brief') The Securities Markets Code, 2025: Strengthened Enforcement, Weakened Accountability? (See 'CORP EINSICHT')

Print

Govt quarterly debt up by over 6 lakh crore

Published: Sep 19, 2020

By TIOLCORPLAWS News Service

NEW DELHI, SEPT 19, 2020: During Q1 of FY21, the Central Government issued dated securities aggregating to Rs 3,46,000 crore as against Rs 2,21,000 crore in Q1 of FY20. The weighted average yield of primary issuances showed a sharp moderation to 5.85 per cent in Q1 FY21 from 6.70 per cent in Q4 of FY20. The weighted average maturity of new issuances of dated securities was lower at 14.61 years in Q1 of FY21 as compared to 16.87 years in Q4 of FY20. During April-June 2020, the Central Government raised Rs 80,000 crore through the issuance of Cash Management Bills. The Reserve Bank conducted one special OMO involving simultaneous purchase and sale of government securities for Rs 10,000 crore each during the quarter ended June 2020. The net average liquidity absorption by RBI under Liquidity Adjustment Facility (LAF) including Marginal Standing Facility and Special Liquidity Facility was Rs 4,51,045 crore during the quarter.

Total liabilities of the Government, increased to Rs 101,35,600 crore at end-June 2020 from Rs 94,62,265 crore at end-March 2020. Public debt accounted for 91.1 per cent of total outstanding liabilities at end-June 2020. Nearly 28.6 per cent of the outstanding dated securities had a residual maturity of less than 5 years. The ownership pattern indicates a share of 39.0 per cent for commercial banks and 26.2 per cent for insurance companies at end-June 2020.

The yields on G-Secs showed a downward movement during the quarter ended June 2020. This reflected the impact of several developments namely a sharp decline in crude oil prices during April 2020, reduction in the repo rate by 40 bps to 4.0 per cent by the Monetary Policy Committee on May 22, 2020 and surplus liquidity conditions in the market. Central Government dated securities continued to account for a major share of total trading volumes in the secondary market with a share of 74.0 per cent in total outright trading volumes in value terms during Q1 of FY21.

TIOL CORP SEARCH

TIOL GROUP WEBSITES

taxindiaonline
taxindiainternational
tioltube
TKF
TIOLawards
A TIOL Website. Copyright © 2025 TIOLcorplaws.com All rights reserved.