FinMin & RBI to decide on FY17 borrowing at March 18 meet

Finance Ministry and Reserve Bank officials will meet on March 18 to decide on the borrowing calendar of the government for April-September period of the next fiscal. In the Budget, the government has pegged gross market borrowing at Rs 6 lakh crore, up from Rs 5.8 lakh crore in the ongoing fiscal. 

Gross borrowing includes repayments of past loans and interests. “The market borrowing calendar for the first half of next fiscal would be decided on March 18. RBI and Finance Ministry will a decide whether to front load the borrowing in such a manner that it is non-disruptive,” a source said.