New Delhi: Ministry of Finance with Reserve Bank of India A meeting will be held on Tuesday to determine the government's borrowing plan for the first half of 2020-21 to curb the spread of the . Sources said that the government will adopt an upfront borrowing plan to address the economic challenges that COVID-19 poses.

Ministry of and Reserve Bank of India Sources said that because of the nationwide blockade, (RBI) will be held for the first time via video conference.

After the meeting, a borrowing calendar for obsolete government bonds and short-term notes will be announced that night.

According to the budget, the government plans to borrow Rs 5.36 crore from the in 2020-21, which is higher than the estimated Rs 49.9 crore for the current fiscal year ending 2020.

Total borrowing for the next financial year is 78 billion rupees, compared to 71 billion rupees for the current financial year.

Total borrowing includes repayment of past loans.

Past loan repayments for the next financial year are Rs 23.5 crore.

Treasurer submits budget for 2020-21 Nirmala Sitharaman It was said: "The net market borrowing in 2019-20 will be Rs. 49.9 crore, and the net market borrowing in 2020-21 will be Rs. 53.6 crore."

"Most of the borrowing for fiscal year 2020-21 will be used for government capital expenditures, which has increased by more than 21%.

"As I mentioned earlier, about 220 billion rupees of equity has been allocated to certain specific infrastructure financing companies that will take full advantage of it and provide much-needed long-term financing to the infrastructure industry. This should stimulate The engine of the industry. The economy, "she said.

The government raises funds from the market to make up for the fiscal deficit with expired securities and Treasury bills.

The budget sets the fiscal deficit for the next fiscal year at 3.5%, which is lower than 3.8% of GDP for the current fiscal year.

The government had previously estimated that the current fiscal year's fiscal deficit accounted for 3.3% of GDP, but due to income shortfalls, the center had to increase the deficit and use the "evasion clauses" in Fiscal Responsibility and Policy. Budget management (FRBM) method.

"Evasion clauses" allow the government to break the fiscal deficit target by 0.5 percentage when the economy is under severe pressure, including during periods of structural change and periods of sharp decline in economic growth. DP BAL

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