Question

    Recently the Centre has reduced its borrowing target for

    the FY 2022-23 by Rs 10,000 crore to Rs ______ trillion amid robust tax collections?
    A 13.55 Correct Answer Incorrect Answer
    B 14.21 Correct Answer Incorrect Answer
    C 15.33 Correct Answer Incorrect Answer
    D 16.33 Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    The Centre has reduced its borrowing target for the financial year 2022-23 (FY23) by Rs 10,000 crore to Rs 14.21 trillion amid robust tax collections. The government will borrow Rs 5.92 trillion, or 41.6 percent of the new FY23 target, in October-March, including from the issuance of its maiden sovereign green bonds of Rs 16,000 crore. Learn Along: Green bonds are fixed-income instruments designed to finance projects that have been specifically earmarked as climate or environment-related. A green sovereign bond is simply a green bond that has been issued by a sovereign government.

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