Govt to borrow Rs 1,000 cr for ‘development expenses’

The Trinamool Congress government on Friday said it was going to borrow Rs 1,000 crore from the market this month by selling security bonds.The money will be used to meet the requirement of developmental expenditure,the government circular said. The bonds are of 10-year tenure. So far,the state has borrowed Rs 4,000 crore from the maket in this financial year,while the cap on such borrowing is

Rs 22,000 crore in a year.