Budget 2014: Government to issue net 144.54 billion rupees of 91-day t-bills

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The big bang in Arun Jaitley's budget is that things will be done bottom up and it is more on execution rather than giving some grand proposals.

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Jaitley announced a Rs 500 crore fund for farm price stabilization. He said the govt wanted agriculture to grow although weak rainfall was a concern.

Modi has more or less, achieved such a unity of command and control by getting his loyalist and confidant Amit Shah appointed as the BJP president.

As for his party, Jaitley is one of the principal trouble shooters, dispatched to various corners of the country to settle one dispute or the other.

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The govt said it will allocate Rs 500 crore for its 'Digital India' initiative to set up broadband network in villages and promote local softwares.

Congress wants to make the people aware of each failure of BJP government and how it has failed to fulfil its promises with a media offensive.

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By Reuters | 10 Jul, 2014, 04.03PM IST

The net issuance via 364-day t-bills will be 200.99 billion rupees through a gross borrowing of 1.57 trillion rupees and repayment of 1.369 trillion rupees.

MUMBAI: The government will issue a net 144.54 billion rupees ($2.41 billion) of 91-day Treasury bills through a gross borrowing of 6.33 trillion rupees and repayment of 6.18 trillion rupees in the 2014/15 fiscal year, according to budget document.

The net issuance via 364-day t-bills will be 200.99 billion rupees through a gross borrowing of 1.57 trillion rupees and repayment of 1.369 trillion rupees.

The gross borrowing for 182-day t-bills will be 1.49 trillion rupees which will be entirely repaid, budget document showed.

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