MUMBAI, Aug 7: The government of India has decided to repay the Rs 7,000 crore 13.50 per cent central government loan on September 1. A release issued by the finance ministry states that "the outstanding balance of the 13.50 per cent government security maturing in 1997 is repayable at par on September 1, 1997." This will be the largest redemption made by the government during the current financial year.

The budgeted net borrowing of the government during 1997-98 is Rs 33,820 crore. The redemptions during the year amount to Rs 10,902 crore.

Copyright © 1997 Indian Express Newspapers (Bombay) Ltd.