States’ gross market borrowings seen at Rs 3.5 lakh cr in FY17

Posted on 17 May 2016. Tags: borrowings, FY17, gross, lakh, market, seen, states

New Delhi, May 17 () With a very few states likely to be eligible for the additional borrowing, the ceiling for their gross market borrowing limit will rise to Rs 3.5 lakh crore in FY 2016-17 as against the actual borrowings of Rs 2.94 lakh crore in the previous fiscal, according to ICRA.
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