PUDUCHERRY: The Puducherry administration has moved once again to borrow `200 crore through the open market.
According to an official release, the government has offered to auction securities of ten-year option for `200 crore. The auction will be held by the Reserve Bank of India on September 23. The minimum amount is of `10,000 and in multiples of the same amount.
This is the first borrowing in the current financial year. The government planned to borrow a total amount of `470.38 crore this financial year, according to the budget presented by Chief Minister.