The Government of India, in consultation with Reserve Bank of India, deliberated over its borrowing programme for 2018-19 and finalized its borrowing calendar for the first half of 2018-19. Government had budgeted for 2018-19 Gross G-Sec borrowing of Rs. 6,05,539 crore. The Government intends to use larger inflows from Small Savings Schemes to fund its Fiscal Deficit during the year. The Government will borrow Rs. 1,00,000 crore from National Small Savings Fund (NSSF) as against budgeted amount of Rs. 75,000 crore.
After making careful assessment of its financial needs for the first half, the Government’s gross G-Sec borrowing will be only Rs. 2,88,000 crore in H1 of 2018-19. This makes up only 47.5 per centas against 60-65 percent share in this period in previous years. The Government also plans to issue more Floating Rate Bonds (FRBs) and introduce CPI linked bonds, both put together, to the extent of 10% of issuances during the year.It may be noted that the Government and RBI are in the final stage of discussions for increasing FPI limits from April 1, 2018.
The Government will introduce two benchmarks during this half year – 2-year and 5-year – to meet the market demand. More issuance will be planned in short and long-term maturity bucket, reducing the issuance in medium term segments of 10-14 years to around 29%, as against more than 50% issuances in previous years. Share of issuances under different maturities bucket will be 1-4 years: 8.3 %; 5-9 years: 25.0 %; 10-14 years: 29.2%; 15-19 years: 14.6 %; and more than 20 years: 22.9%.
Government’s T Bill programme for the first quarter is to raise Rs. 1,95,000 crore. During this period, T Bills of Rs. 1,53,000 crore will expire. The gross borrowing per week under T-Bills will be Rs. 15,000 crores. The Government will also be coming out with a separate switching calendar to allow investors to sell back their illiquid securities to the Government, and also a calendar for Sovereign Gold Bonds issuance.
DSPORT channel to broadcast Monster Jam World Finals XX
New Delhi, 27th March, 2018: DSPORT, a premium sports TV channel by Discovery Communications, is all set to broadcast the World Finals of Monster Jam, an annual monster truck championship series, consisting of racing and freestyle competitions. The finals which were held at Las Vegas, Nevada in the United States will be broadcast on DSPORT. The channel is bringing this adrenaline filled high-profile event to the homes of Indian viewers and giving them a chance to be part of the mega event.
Touted as Unexpected, Unscripted and Unforgettable, Monster Jam is one of the most action-packed live event on four wheels. It is the edge of the seat motorsport that gives the viewers enough excitement and fun to watch. It is one of the only sports where male and female world-class drivers, who are competing for the same championship, are seen as equals on the same track. World class drivers compete with each other in Monster Jam using the most recognizable tailor-made trucks, performing high adrenaline manoeuvres in front of the crowd and judges. It is divided into three types of competition – Racing (Timed), Two-wheel Skills challenge, Racing (Head to Head) Donuts and Freestyle. In every contest the drivers have to perform different tricks.
In two wheel skills competition the driver performs the tricks on only two tires that are wheelie, stoppie and bicycle. Donut competition is all about spinning the truck in circles in one spot. In side by side racing the first truck is supposed to cross the finish line moves onto the next round until it is eliminated or wins the racing trophy by winning the Championship race. Freestyle is a judged competition where drivers perform stunts throughout the floor area in a designated time.
Adventure game lovers can have the taste of this spine-chilling sport on DSPORT with full family as monster Jam is loaded with excitement and thrill.
Diva Khushali Kumar overcomes her bike fear fantastically while shooting for a music video with Guru Randhawa!
Well-known international Fashion designer turned actress Khushali Kumar has just finished shooting for a music video of composer-singer Guru Randhawa and Tulsi Kumar. As the first looks of Khushali Kumar’s new music video are out and in one of the images we can see Khushali up close and personal with singer-composer Guru Randhawa in a stunning biker’s look, riding on a cruiser bike. Therefore, the diva shared her experiences and revealed how she overcomes her fear of bikes while shooting with Guru.
With a smile that how scared she has always been to ride a bike and how it still runs shivers down her spine when she even remembers what happened behind the scenes of such a romantic scene. Guru somehow sensed her fear of riding the bikes and played a prank on her and told her that he has just learnt how to ride the bike just a few days before the shoot and is not confident at all to drive on winding mountain roads and scared her to an extent that she was not even ready to sit on the bike, then at very last moment Guru Randhawa just like Bollywood hero showed off his solo biking skills in front of her and said he has always been fond of riding the bikes since his early village days and the whole shooting unit burst laughing, then he made her comfortable. The scene went as planned and everybody loved the romantic feelings she gave overcoming her fear. Her confidence changed the entire scene of the shoot.
About her past experiences, Khushali achieved never before success in the field of fashion when she dressed international megastar Shakira, two times Grammy award winner singer Leann Rimes, Carman Electra, spice girl Melanie B and styled for Justin Bieber’s music video ‘Wait for a minute’. Her work has recently been recognized and rewarded by an award affiliated with Govt. of India’s Child and woman welfare ministry.