The quick turn in sentiment came after the benchmark 10-year yield rose to its highest since March, accentuated by an RBI policy review held on 6 August.
Finance Minister Nirmala Sitharaman said nothing more has been done on the proposed issuance of sovereign bonds since the announcement during the Budget.
The risk of foreign currency borrowing can be minimised if govt and RBI stick to FRBM Act and inflation-targeting frameworks. A Public Debt Management Agency also needs to be set up.
Dismissing unconditional cash transfers through the parochial logic of ‘unearned assistance is undeserving’ narrows the space for policy innovation and restricts possibilities for social mobility.
December oil imports from Russia may drop nearly 50%, but Indian buyers already shifting to non-designated Russian entities and opaque trading channels to keep Russian oil flowing.
The helicopters produced by Lockheed Martin are known as ‘submarine hunters’. India ordered 24 of these aircraft in 2020 to replace the Sea King helicopters. 15 have been delivered till date.
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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