Delhi Budget: Central grants dip, eye on open market
Delhi is taking a bold step by opting to raise Rs 16,700 crore from the open market, a strategic pivot away from its traditional high-interest loans. This innovative financial approach seeks to alleviate fiscal pressure, as market borrowings present more favorable interest rates compared to the National Small Savings Fund.
Delhi is taking a bold step by opting to raise Rs 16,700 crore from the open market, a strategic pivot away from its traditional high-interest loans. This innovative financial approach seeks to alleviate fiscal pressure, as market borrowings present more favorable interest rates compared to the National Small Savings Fund.
