2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Rs 23 lakh crore
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Rs 16 lakh crore
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Rs 14 lakh crore
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Rs 12 lakh crore
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Detailed explanation-1: -This will have the combined net borrowings rising to Rs 16.5 lakh crore from this fiscal to Rs 17.2 lakh crore next fiscal, according to her. Given the robust direct tax and GST collections, Nayar also expects net tax receipts to overshoot the budgeted amount by a healthy Rs 2.1 lakh crore in FY23.
Detailed explanation-2: -The Centre has set the borrowing limit at 3.5% of GSDP for FY23 with another 50 bps window if states carry out reforms in the power sector, taking the total space to 4%.
Detailed explanation-3: -Related Definitions Money Market Borrowing means a borrowing consisting of simultaneous Money Market Loans of the same Type and, in the case of Money Market LIBOR Loans bearing interest calculated based on the Eurocurrency Rate, having the same Interest Period made by a Lender pursuant to Section 2.3.