As the country's fight against Coronavirus reaches the next level with the launch of the world's largest vaccination programme, the government proposes to launch new Covid bonds to finance the rising pandemic relief expenses. Sources privy to the development said that the announcement on Covid bonds may be made in the budget to be presented by finance minister Nirmala Sitharaman on February 1. Though the budget may be used to announce its launch, the bond issue may be made only in the next financial year as government has almost completed it borrowing calendar for FY21 with finance ministry officials indicating no need to scale up already high levels of borrowings this year.from IndiaTV Business: Google News Feed https://ift.tt/3pD1b9e
0 Comments