Processing of applications for registrations of AIFs and launch of schemes (See 'Dashboard') Clarification on SEBI Circular SEBI/HO/OIAE/IGRD/CIR/P/2020/152 dated 13 August, 2020 on Investor grievances redressal mechanism - Handling of SCORES complaints by stock exchanges and Standard Operating Procedure for non-redressal of grievances by listed (See 'Dashboard') Payment of 78 days' PLB to railway employees estimated to be Rs 2082 Crore (See 'Brief') Contribution by Issuers of listed or proposed to be listed debt securities towards creation of 'Recovery Expense Fund' (See 'Dashboard') Airbnb Inc hires former Apple Inc. design chief Jony Ive and his new firm, LoveFrom, to work on projects with home sharing startup Shares of Hemisphere Properties enters stock exchange at Rs. 106 per share TCS plans to acquire technology services unit of Deutsche Bank AG Tenure of Mr Bethala Shantha Vijaya Prakash Kumar, Member (Judicial), Acting President, NCLT extends (See 'Dashboard') Today fire broke out at Royal Enfield's Jaipur-based transit stockyard facility DLF inks lease deal of 7.7 lakh sq ft with Standard Chartered GBS for upcoming office project at DLF Downtown Chennai To pull out 13 Videocon group firms from insolvency proceedings, Dhoot family offeres Rs 30,000 crore to lenders Civil Procedure Code - Whether actual confusion is required to establish infringement or passing off: HC (See 'Legal Desk') Competition Act - Price parallelism alone amounts to collusion between alleged parties: CCI (See 'Legal Desk') India, Indonesia to hold meeting of 5th Jt Working Group on Coal on Nov 5 (See 'Brief') SEBI constitutes Market Data Advisory Committee COVID-19 - High-Level review of National AYUSH Mission begins (See 'Brief') Santosh Kumar Shukla takes charge as Executive Director of IBBI Tomar unveils preparation framework for Block & District development plans (See 'Brief') Dukaan raises $6 million as part of its seed funding round co-led by Matrix Partners India and Lightspeed India Partners Coal India declares performance linked reward of Rs. 68,500 per employee Wipro bags 5 year application management and services integration & management contract from Fortum, Finland-based clean-energy company

Govt quarterly debt up by over 6 lakh crore

Published: Sep 19, 2020


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.