Translate

Monday, May 24, 2010

3G inflows to lower FY11 govt borrowing - secy

Fund inflows towards the third-generation (3G) spectrum auction, which concluded last Wednesday, will bring down fiscal deficit and cut the federal government's borrowing plans, Cabinet Secretary K.M. Chandrasekhar told reporters on Monday.

The government borrowing could be lower by up to 350 billion rupees ($7.6 billion) in the 2010/11 fiscal year from estimates of 4.57 trillion rupees ($99.3 bln) on higher-than-expected 3G mobile spectrum sale inflows, a top government official told.
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Wednesday, Jun 11
23:30 Monthly Budget Statement 2 $-316B $-325B $258B
Thursday, Jun 12
04:15 Electronic Card Retail Sales (YoY) 1 0.9% -0.3% -0.3%
04:15 Electronic Card Retail Sales (MoM) 1 -0.2% 0.0%
04:31 RICS Housing Price Balance 1 -8% -3% -3%
06:30 Consumer Inflation Expectations 2 5.0% 4.1%
11:30 Manufacturing Production (MoM) 2 -0.8% -0.8%
11:30 Industrial Production (MoM) 2 -0.5% -0.7%
11:30 Industrial Production (YoY) 1 -0.2% -0.7%
11:30 Manufacturing Production (YoY) 1 0.4% -0.8%
11:30 Index of Services (3M/3M) 1 0.7% 0.7%
Economic Calendar >> Add to your site

Best Mutual Funds

Recent Posts

Search This Blog

IPO's Calendar

Market Screener

NSE BSE Tiker

Custom Pivot Calculator

Popular Posts

Market & MF Screener