The Kerala govt has decided to levy tolls on the roads built under KIIFB, attributing it to the Union government’s decision to the body’s borrowings under state limits.
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.
Kerala is the first local government to sell an offshore rupee-denominated bond & will list Rs 21.5 billion of Masala bonds on the London Stock Exchange Friday.
The RBI has ensured that the rupee is stable which has given international investors the confidence to buy Indian assets including masala bonds, said a portfolio manager.
The Vishnu Deo Sai government's 2026-27 budget outlined a post-Naxal era vision for Chhattisgarh's tribal-majority belts of Bastar & Surguja. Finance Minister OP Choudhary presented it Tuesday.
Every February, headlines focus on defence budget allocation. But real question is—how much money was actually spent & why did promise-delivery gap widen in some years, narrow in others?
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