State Development Loan Subject : Economy Section : Fiscal Policy Concept : Tamil Nadu is planning to raise ₹51,000 crore in the fourth quarter (January-March) of fiscal 2022-2023 by auctioning off bonds called State Development Loans, according to the Reserve Bank of India’s borrowing calendar. State Development Loans (SDLs) State Development Loans (SDLs) […]

Subject: Economy Context : The Reserve Bank of India said it will conduct the first ever purchase auction of State Development Loans (SDLs) under Open Market Operations (OMOs) for an aggregate amount of ₹10,000 crore . Concept : State Development Loans (SDL) are debt issued by state governments to fund their fiscal deficit. States in […]

Subject: Economy Context: Eleven States raised a total of Rs. 14,298 crore at the auction of State government securities or State development loans (SDLs) held on September 22. From April 7 to September 22 in this financial year, 27 States and 2 Union Territories have cumulatively raised Rs. 3.26 lakh crore via market borrowings, which […]