A news report claims the PMO is opposed to selling debt in foreign currencies, a day after a top finance ministry official overseeing the sale was transferred.
Though the idea of a sovereign bond has been discussed in the past, it was never pursued. Some former central bankers opposed it given the risks from currency fluctuations.
RBI may buy Rs 1.7 trillion of debt in the year starting April 1, compared with an estimated record Rs 3 trillion spent on such purchases this fiscal period.
New bill aims to fix key issues with IBC 2016, including delays & patchy implementation, and protect creditors, with window for genuine promoters to retain control of their companies.
Billed as the military’s own version of Raisina Dialogue, the event will spotlight on tech-driven warfighting, lessons from Operation Sindoor and release of three new doctrines.
Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?
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