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Millennium Post

.... Eyes Rs 20k cr via market borrowing

Indian Railways will borrow Rs 20,000 crore from markets through its two companies IRFC and Rail Vikas Nigam Ltd for capital expenditure during 2016-17, a whopping 69 per cent rise over the current fiscal year’s revised estimate. Market borrowing, as per the revised estimate for current fiscal, has been pegged at about Rs 11,848 crore. 
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