Total go nment liabilities rise to Rs 101.3 lakh cr in Q1: Finance Ministry report
New Delhi: Total liabilities of the go nment increased to Rs 101.3 lakh crore at end-June 2020 from Rs 94.6 lakh crore at end-March 2020, according to the latest data on public debt. The total debt of the go nment stood at Rs 88.18 lakh crore at end-June 2019.
Public debt accounted for 91.1 per cent of total outstanding liabilities at end-June 2020, the quarterly report on public debt management released on Friday said.
Nearly 28.6 per cent of the outstanding dated securities had a residual maturity of less than five years, it said, adding 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.
During the first quarter of the current fiscal, the central go nment issued dated securities worth Rs 3,46,000 crore as against Rs 2,21,000 crore in the same period a year ago.
The weighted average maturity (WAM) of new issuances stood at 14.61 years in the quarter as against 16.87 years in the fourth quarter of the last fiscal, according to data collated by Public Debt Management Cell (PDMC).
During April-June 2020, the Central Government raised Rs 80,000 crore through the issuance of Cash Management Bills.
2020年4 - 6月，中央政府通过发行现金管理券筹集了8000亿卢比。
The Reserve Bank conducted one special OMO involving simultaneous purchase and sale of go nment 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.
G-Sec yields have shown a moderating trend in the first quarter of the fiscal with the rate declining to 5.85 per cent compared to the weighted average yield of 6.70 per cent in the previous quarter.
"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 basis points to 4 per cent by the Monetary Policy Committee on May 22, 2020 and surplus liquidity conditions in the market," it said.
Central go nment 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 the first quarter of the current fiscal.
The gross fiscal deficit (GFD) of the Central Government for 2020-21 has been budgeted at Rs 7,96,337crore or 3.5 per cent of GDP as compared to the revised estimate of Rs 7,66,846 crore (3.8 per cent of GDP) and the provisional estimate of Rs 9,35,635 crore (4.6 per cent of GDP) for 2019-20.
During April-June 2020, fiscal deficit at Rs 6,62,363 crore worked out to be 83.2 per cent of the budget estimate as compared to 61.4 per cent of the budget estimate in the corresponding quarter of 2019-20.
译文来源：三泰虎 http://www.santaihu.com/p/50862.html 译者：Jessica.Wu
Input Tax Credit policy is also faulty, so many cases are seeing of fake input Tax Credit. Tax should be reasonable, rates should be acceptable to corporate houses and consumers.
Next, Petrol, Diesel & Toll tax should be reduced to increase the competitive products and circulation of money.
Govt should adopt chinese policy for industrial production at competitive prices to raise country exports, don't pay hefty salary to unproductive people.
Pappu is on the way to destroy the nation in the upcoming elections.
Modi is responsible for the India’s disappointing economy and economic disarray. His leadership is quite disappointing. India needs efficient management and managers. It is time for change of leadership .
we need pappu asap , he will not only destroy economy but whole nation
your Mothi as if has done wonders, it's the worst economy since Independence
Country's debt is not any problem for Modi.. He is LOOTING the common man and accumulating money with his friends ADANI , AMBANI , LODHA, RAMDEV, etc.. Most of these black money are deployed outside India.
then why salaries of MPs and MLAs are increased,
Debt is mounting up but where all this money going ...add disinvestment figures too.And at the other hand public is not getting the benefits..
Still Govt waste money on construction of status, Memorial, waste tax payers money as capital infusion of loss making/sick PSUs,
Nice article and we really need to control it now it's never too late then to never do it
what will happen next
Sab eek saath bolo: "Saaab changa siii!!!".
By the way, where is the Rs 15 lakh that was supposed to go to every Indian upon recovery of black money by the 56 inch chest?
Allows rupee to appreciate to 40 to 50 per dollar... Indian currency is getting devalued since 1947, this is the major reason behind shipping off money from India as every year investors confidence on rupee assets are declining.
允许卢比升值到1美元兑40 - 50卢比…印度货币自1947年以来一直在贬值，这是把资金外流的主要原因，投资者对卢比资产的信心每年都在下降。
All money spent on jio
If Modi abolish co ption then only debt can be reduced but it’s not seen because BJP itself Accepting co ption as party funds. That will be main reason of collapse the systems.