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Wednesday, April 24, 2024
TopicGovernment borrowing

Topic: Government borrowing

Why SC refused Kerala relief on borrowing cap set by Centre but referred case to constitution bench

The court observed that Kerala’s petition points to 'various questions of significant importance impacting the federal structure of governance as embedded in Constitution'.

Why Punjab, Bihar, Rajasthan, Andhra, UP must learn from Sri Lanka, cut debt and freebies

At 53% in 2021-22, Punjab has worst debt-to-GSDP ratio. CAG data shows UP’s interest payments have grown by 6% in 5 years. Andhra’s outstanding debt hit Rs 3.89 lakh crore in 2021-22.

Why Modi govt’s large borrowing plan this year will also pinch all ordinary borrowers

Govt to borrow Rs 8.45 lakh crore from market in the first half of 2022-23 by issuing bonds. Over 10 years, there has been a substantial increase in govt’s borrowings through bonds.

Modi govt allows 20 states to borrow even as shortfall issue stays unresolved at GST Council

Move is likely to further strain relations between Modi govt & mostly opposition-ruled states that have insisted Centre do the borrowing, not states.

India will not meet its Rs 2.1 lakh crore disinvestment target in 2020-21, DEA secretary says

Govt retains its Rs 12 lakh crore borrowing limit for the full financial year, which means it can borrow Rs 4.34 lakh crore in the second half.

Govt to borrow Rs 4.34 lakh cr in second half of 2020-21 to meet expenses amid Covid crisis

The government is sticking to Rs 12 lakh crore borrowing target for the current fiscal, Economic Affairs Secretary Tarun Bajaj said.

Centre vs states GST row doesn’t matter. What matters is reviving economy & a borrowing plan

Since general government debt will rise regardless of who borrows for GST compensation, a plan to move to a sustained borrowing trajectory should be made.

At least 10 states to reject Modi govt’s borrowing options, say GST compensation their right

Tamil Nadu CM writes to PM Modi, other state finance ministers have virtual meeting to prepare for prolonged battle with central govt on GST compensation.

‘Hobson’s choice’ — Bengal rejects Modi govt’s two borrowing options to meet GST shortfall

Bengal Finance Minister Amit Mitra said borrowing would impact states' developmental funds, tells Centre to go in for deficit monetisation.

Modi govt ‘risks’ National Small Savings Fund by using it to support struggling PSUs

Loans from NSSF to PSUs have risen 500% since 2016-17, though some can’t repay them. Critics say this is govt’s way of keeping fiscal deficit in control.

On Camera

Imtiaz Ali obsesses over vulgarity. Misses Chamkila’s cultural resistance against purity

‘Cassette culture’ discusses the boom of Bhakti music during the '80s and '90s when Anoop Jalota, Gulshan Kumar saw the pinnacle of success by singing the sanitised Bhajans.

Economists vs statisticians — the battle being fought over the soul of India’s GDP data

Economists say there are weaknesses in India’s GDP data. But statisticians claim the accusations are based on flawed understanding, saying while GDP has problems, the economists are looking in the wrong places.

India, Oman hold 5th annual high-level meeting to boost maritime security

Both the governments expressed their commitment to strengthening their maritime cooperation to strengthen the maritime safety and security framework in the region.

These 6 states are key for Modi’s ‘400 paar’ target. They’re also where Opposition can stop him

While this contest looks so predictable in large swathes of our political landscape, it is also more keenly contested than 2019 in some states.