RBI’s latest financial sector report card highlights drop in NPAs, capital buffers for banks & better asset quality for NBFCs. But new sources of risk, like climate change, have emerged.
Out of the total annual spending of about Rs 26,000 crore in CSR by Indian corporates in 2021-22, only about 10 per cent is focused on environmental and climate themes.
Instead, govt will use ratio of govt debt-to-GDP as anchor for fiscal policy, Somanathan said. Historically, India has targeted fiscal deficit of 3% of GDP but failed to achieve it.
The general, who was chief of the Army staff at the time, further says the Army took the risk of divesting holding formations to strengthen troops in the Kargil sector.
Congress party's score of 99 in the Lok Sabha elections has vaporised three painful questions dogging Rahul Gandhi for two decades. His record so far deserves a closer look.
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