New Delhi: The corona epidemic has created a hue and cry across the country, with people from all walks of life suffering due to it. Meanwhile, amid a huge revenue crisis caused by the lockdown that has been in place for nearly two months in many states due to the second wave of corona in the country, the Central Government has so far borrowed Rs 2.1 lakh crore in the current financial year, which is 55 percent higher than a year ago.
Madan Sabnavis, chief economist of the same care ratings, said on Friday that at this time of challenge, the Reserve Bank of India (RBI) made good arrangements for returns on bonds, reducing the cost of borrowing for the government. He further said that the loan of Rs 2.1 lakh crore is 17.5 percent of the budget estimate of rs 12.05 lakh crore loan taken by the government for the entire year and 30 per cent of the Rs 7.24 lakh crore loan to be raised for the first waiver.
He said the debt taken by the Centre in this financial year so far is 55 per cent higher than the corresponding period of the previous year. For this, the reduction in revenue is responsible for lockdown in most of the states. Let us tell you that for the last few days, the second wave of corona has created a crisis across the country and every effort is being made by the Government to get rid of it.
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