The reprieve may be short-lived as traders are worried about the unprecedented bond sales of about Rs 15 lakh crore for the fiscal year starting April amid dwindling demand.
Barclays, JPMorgan and Deutsche Bank are among banks arranging the bond sale to raise the funds. The proceeds will be used to refinance a rupee loan taken earlier this year.
An ex-governor and two deputies of the RBI have argued that the time is not ideal for such an issuance because India runs quite a large budget deficit.
While the Russia-Ukraine war saw the BJP projecting PM Modi as a ‘vishwaguru’ who could end international conflicts, the party has made a nuanced shift in its electoral strategy vis-à-vis the West Asia war.
Report on impact of AI emergence—drawing upon depositions from several ministries—confirms that the developments come in the absence of AI laws or considerations over them.
It’s easy to understand why the government can’t speak the hard truth. When this war ends, as all wars do, India’s interests will lie with both the winner and the loser.
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