IRFC to abstain from borrowing in form of debt during FY 2024-25, reveals Budget documentsThe Indian Railway Finance Corporation (IRFC) will not borrow any funds during the financial year 2024-25. This decision follows the central government's increased budgetary allocation to Indian Railways, which stands at Rs 2.52 lakh crore, representing a 5% increase compared to the previous fiscal year. The government's push for divestment and...
more... asset monetization is also evident in this move. IRFC's IEBR (Internal and Extra-Budgetary Resources) has been designated as negligible for the second consecutive year, indicating no reliance on borrowed funds for capital expenditure. Notably, IRFC's cash and cash equivalents amounted to Rs 97,020.49 crore as of September 30, 2022, suggesting a strong financial position. Similar to IRFC, the National Highways Authority of India (NHAI) will not borrow from the market for the third consecutive year, highlighting the government's focus on asset monetization and divestment.
Indian Railway Finance Corporation (IRFC) 2024-25 financial year mein koi bhi loan nahi lega. Iske peeche ka reason hai ki central government ne Indian Railways ke liye budget allocation Rs 2.52 lakh crore kiya hai, jo ki 2023-24 ke muqable 5% zyada hai. Government divestment aur asset monetization par focus kar...
more... raha hai, isliye IRFC ka IEBR (Internal and Extra-Budgetary Resources) negligible declare kiya gaya hai. IRFC ke pass September 30, 2022 tak Rs 97,020.49 crore cash hai, jo ki unke financial condition ke strong hone ka saboot hai. NHAI bhi is saal market se koi loan nahi lega, ye teeno saal se ho raha hai. Isse pata chalta hai ki government asset monetization aur divestment par focus kar raha hai.