Apart from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government’s cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
Tata Power set to tap market with Rs 2,000-cr bond issue
Tata Power is set to raise ₹2,000 crore through a bond sale. This funding will support debt refinancing, renewable energy investments, and general corporate needs.