Minutes of Monetary Policy Committee meeting show that several members felt debt-fuelled consumption could become a ‘self-fulfilling prophecy’ to boost overall growth.
States worried over Centre slashing their funds, which could be used for capital creation, by considering liabilities of state entities while determining net borrowing capacity.
Reserves to external debt ratio increased to 101.2% from 85.6% during the same period, consolidating India's position as a net creditor to the world, the finance ministry said.
India's debt markets have been reeling under the coronavirus lockdown, prompting risk-averse investors to dump assets and worsening liquidity in some corporate bond trading.
RBI has to improve monetary policy transmission & undertake reforms like setting up public debt management agency & boosting bond market infrastructure.
Nirmala Sitharaman laid the foundation of a new site museum in 2021. It felt like a departure from the government's Harappan-centric focus. But no progress has been made since.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
Among 19 Indian firms sanctioned by US Treasury Dept was Lokesh Machines Ltd accused of coordinating with 'Russian defence procurement agent to import Italy-origin CNC machines'.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
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