Private bond placements have long accounted for the vast majority of debt sales in India’s credit market. A bigger public debt market should help reduce borrowing costs for issuers.
The bond market knows New Delhi is terrified of its wrath & is ignoring the simplest option of raising money on its own to fund states in the GST fight.
The risk of foreign currency borrowing can be minimised if govt and RBI stick to FRBM Act and inflation-targeting frameworks. A Public Debt Management Agency also needs to be set up.
Naidu attempts to shield aqua farmers after Trump’s tariff hits the shrimp farming sector in Andhra Pradesh, leading to the cancellation of 50% of the state's exports.
Company builds microsatellites that are smaller, faster, cheaper to produce. ICEYE will develop & launch micro-satellites, hand them over to India, which will have full control & sovereignty.
What Munir has achieved with Trump is a return to normal, ironing out the post-Abbottabad crease. The White House picture gives us insight into how Pakistan survives, occasionally thrives and thinks.
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