Monday, 23 May, 2022

Topic: Borrowings

Budget 2021 takes a historic gamble on growth revival. Hope now on RBI to do the job

An underestimated growth projection could give Modi govt more spending room, while initiatives to improve NPA recovery could prove crucial for India's financial sector.

Andhra, MP lead states in reforms-for-loans but they all stay away from tough power sector

Finance ministry statement says Andhra & Madhya Pradesh have completed three of the four reforms proposed by Modi govt, which makes them eligible for incentives offered by it.

RBI must see the problem right — credit demand, not credit supply is the concern

The RBI has assured both the market and government of creating comfortable liquidity conditions so that private and government borrowing are not hampered.

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.

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.

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.

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.

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.

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.

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.

On Camera


Inflation made luxury cars even more expensive but sales remain in fast lane. See Mercedes

For years, the luxury car market in India was biased towards the entry-level. But today, cars below Rs 40 lakh account for the smallest fraction of sales.

World’s $300 trillion in debt. Here’s what it means for services like health, education

To meet debt payments, at least 100 countries will have to reduce spending on essential services, the IMF estimates.


File photo of a defence personnel armed with a SiG 716 rifle near the Line of Control | Photo: Snehesh Alex Philip | ThePrint

India to ink ‘repeat order’ deal for 73,000 SiG 716 rifles from the US

In February 2019, 72,400 SiG 716 rifles of 7.62 x 51mm calibre were contracted from SIG Sauer Inc, USA, under government's 'Buy (Global) category', through fast track procedure.

Mandir or Masjid? New surveys not needed, just acceptance of truth & move towards reconciliation

That temples were destroyed and mosques built is undisputed history. The past can’t be changed, but we can’t deny the wrongs of the past either before we consider reconciliation.