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This Article is From Oct 15, 2020

Care Ratings: Additional Open Market Borrowings For States - Updates

Care Ratings: Additional Open Market Borrowings For States - Updates
Indian two thousand and five hundred rupee banknotes are arranged for a photograph in Mumbai, India (Photographer Dhiraj Singh/Bloomberg)

BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Care Ratings Research Report

The central government has granted permission to 20 states to increase their open market borrowing by an additional Rs 68,825 crore in the current financial year.

This increased borrowing is granted to the states that have agreed to the proposal made by the goods and services tax council to meet the shortfall in GST compensation to states through the issue of debt through a special borrowing window to be facilitated by the central government.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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