India to borrow $9.5 bn to cover budged deficit

Note: This section contains information in English only.
Source: Bloomberg
India is considering borrowing around $9.5 bn putting shares and land as collateral to cut its budget deficit, said governmental officials familiar with the matter. By January 15 India's government will nominate a fund authority that will be responsible for pledging state's stocks held in non-state firms including Axis Bank Ltd. and ITC Ltd.

 

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