Sunday, 22 May, 2022
TopicDebts

Topic: Debts

India’s external debt rises 2.1% to $570 billion till March-end 2021

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.

RBI announces Rs 50,000 cr special liquidity facility for mutual funds

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.

NHAI’s soaring debt poses hurdle to Modi’s $5 trillion GDP goal

Restricting road-building risks imperilling Modi’s target to make India a $5 trillion economy as roads are necessary for socio-economic development.

RBI has begun monetary policy easing, it must now focus on financial sector reforms

RBI has to improve monetary policy transmission & undertake reforms like setting up public debt management agency & boosting bond market infrastructure.

New debt worries push borrowing costs of NBFCs to record highs

Access to funds will, in turn, become more expensive for a range of businesses at a time when economic activity is already teetering.

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

More pain in store for rupee as India braces for external headwinds

While foreign currency debt has zoomed, various external vulnerability indicators paint a rather mixed picture, according to RBI's annual report.

On Camera

YourTurn

Title scene of Taarak Mehta ka ooltah chashmah.

Dear Taarak Mehta, you were our peak comfort content for 14 years. Now it’s time to retire

Just like the Truman Show, all Taarak Mehta plots somehow feel the same for the past few years. It's fine to accept that ideas can go stale.
An attendant refills a two-wheeler with fuel at a petrol pump in New Delhi Saturday | ANI

Under fire for spiraling inflation, Modi govt announces excise duty cut on fuels, LPG subsidy

It has also decided to enhance the fertiliser subsidy for farmers, and reduce import duty on some raw materials. ‘It is always people first for us!’ tweets prime minister.

Defence

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.
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