states borrowing

States borrowing cost slips to 7.67 per cent

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States borrowing cost slips to 7.67 per cent

After hitting a near three-year high last week, the average cost on states’ borrowings has eased a tad this week’s auction by 4 bps to 7.67 per cent amid lower-than-indicated issuance. According to Icra Ratings, the weighted average cut-off or pricing of bonds eased by 4 bps to 7.67 per cent even as the supply … Read more

States need ‘hard cash’, govt’s ‘letter of comfort’ has no value: Chidambaram on GST compensation

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States need ‘hard cash’, govt’s ‘letter of comfort’ has no value: Chidambaram on GST compensation

Senior Congress leader P Chidambaram on Thursday said the Centre’s reported proposal of giving “letter of comfort” to states to borrow money to bridge the GST compensation gap were “just words of comfort” on a piece of paper that has “no value”. He asserted that the states need “hard cash” and if they are forced … Read more