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Topic: Borrowings

Two thousand rupee banknotes (representational image) | Photo: Dhiraj Singh | Bloomberg

India Inc expected to struggle for funds as Modi govt steps up its own borrowing

India’s corporate borrowers now risk getting crowded out as the Modi government steps up debt issuance following the coronavirus crisis.
Pedestrians walk past an Axis Bank Ltd. branch in Mumbai, India. | Photographer: Dhiraj Singh | Bloomberg

India’s 2020-21 fiscal deficit expected to climb to 5.5% due to extra borrowing

The increase in annual borrowings to Rs 12 lakh crore from Rs 7.8 lakh crore has been necessitated by steep fall in revenue collections & unscheduled spending.
Indian economy

Fiscal slippage imminent as govt to borrow additional Rs 4.2 lakh crore in 2020-21

Govt says full year borrowing will increase to Rs 12 lakh crore from the initially budgeted Rs 7.8 lakh crore on account of the coronavirus pandemic.
Shoppers carry bags at the Galleria Dallas mall in Dallas, Texas, U.S. | Photographer: Cooper Neill | Bloomberg

US plans to borrow record $2.9 trillion to tide over pandemic

According to The Wall Street Journal, the sum is more than five times the previous quarterly record, set at the height of the 2008 financial crisis.
The Reserve Bank of India | Photo: Suraj Singh Bisht | ThePrint

Debt in states rises to 25% of GDP, may pose challenges in medium term: RBI

States finished the fiscal year to March 2019 with a combined fiscal deficit of 2.9 per cent, 34 basis points worse than what was budgeted for.
US dollars

Borrowing abroad is bold, but India first needs to produce data that lenders can trust

Cost of borrowing will go up if foreign lenders mistrust India’s budget estimates, off-budget borrowing or fear payment could be delayed to achieve annual targets.
Narendra Modi outside Parliament House

Borrowing costs fall after Modi’s win, revive bond sales

Potential for reforms after Modi’s comprehensive win is likely to improve flow of foreign capital to corporates & that's good news for credit markets.
The World Bank headquarters

India was the largest borrower from World Bank for 3 of last 4 years

World Bank assistance to India peaked in fiscal year 2010 at $9.3 billion, and help has been provided across sectors like road and power infrastructure, agriculture, health etc.
Representational image of Indian currency notes

Modi’s borrowing plan wasn’t the only piece of bad news this budget

Global funds see more pain for India’s debt as budget math weighs
Representational image |

Lower borrowings by Modi govt may not help battered bond market

Modi govt may trim its borrowings for second time this year but it is not likely to lift the pall over the bond market.

On Camera

Illustration by Soham Sen | ThePrint

Umar Khalid who? Kanhaiya Kumar’s strange silence over his JNU comrade’s arrest

Except for a vague post on Facebook — Kanhaiya Kumar has been quiet on his former JNU ally and Tihar Jail comrade Umar Khalid’s arrest in the Delhi riots case.
Gunny bags of onions | Dhiraj Singh/Bloomberg

Few onion trucks enter Bangladesh after partial clearance, over 200 still stranded

A Central Board of Indirect Taxes and Customs communique stated that only those trucks which received the 'Let Export Order' till 14 September can be allowed to cross the border.

Defence

Make in India logo

No decision on selling only ‘Made in India’ items in military canteens, says defence ministry

Union Minister Shripad Naik was replying to a query on whether the defence ministry will consider using and selling only 'Made in India' products in its stores.
Illustration: Soham Sen | ThePrint

Suspect all, fix all? Is that the motto of our new ‘National Suspicion State’?

It’s not just Modi government or BJP, but even state governments, judiciary are getting caught in a ‘we suspect all’ mindset. Is India becoming a National Suspicion State?