According to official data, the West Bengal government has raised Rs 10.500 crore through auctions of state securities or state development loans in the first quarter.In the same time period last year, the state government raised Rs 10,000 crore.The current quarter's revenue from the auction by the Reserve Bank of India was less than the estimated Rs 14,000 crore that the state government had provided.A CARE Ratings analyst stated that the West Bengal government had raised Rs 2,500 crore via the RBI auction window on Tuesday at a coupon rate 6.79 percent.In Q1 FY22, Rs 1,44,550 crore was raised by 20 states and one Union Territory.CARE Ratings stated in a note that the borrowings of the state governments for the quarter under review were 14% lower than Q1 FY21.
