RBI has implemented KV Kamath panel’s recommendations in totality, including parameters like high debt service coverage ratio and investment grade rating.
World Bank chief David Malpass said the organisation wants to avoid a situation where a significant amount of its assistance is used to service past borrowing.
In Bihar’s Sitamarhi, women from the families of migrant workers say they are forced to borrow from private money lenders as their husbands and sons are left with no income source.
Debt sales by state entities may have also widened fiscal deficit for 2019-20 to 10.2% of GDP from 9% estimated before coronavirus outbreak, HSBC says.
Proponents of deficit spending argue central banks are exhausted & that massive fiscal spending is needed to yank companies & households out of their funk.
Govt needs to facilitate wage-intensive manufacturing by ensuring labour law reform, a competitive rupee, efficient infrastructure and supply-chain development.
Central bank communication now holds as much significance as central bank action. A single clause in a press conference can move markets more than a 25-basis-point adjustment.
Order for 87 MALE drones will be split between 2 Indian firms in 64:36 ratio to ensure there are 2 independent manufacturing lines with at least 60% indigenous components.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
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