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.
Before social media, depiction of violence on news was the exception—graphic visuals were either not shown on TV or in newspapers or the images were blurred. This is no longer the case.
Neither state govts nor companies earn large profits from lotteries. However, a look at the system shows there’s ample evidence of murky dealings and financial irregularities.
The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.
India can borrow in Foreign Currencies,especially from he Eurozone [ that is in Euro[ to IMMEDIATELY pay back the US Dollars 105 Billion Loan at 9.5 percent.[This is a varying rate and India had been charged around 16 percent in the 1970s].India’s US Dollars 138 Billion US Treasury Holdings feteches a mere 2 pwercent.Thaat is India is losing more than rs 50000 Crores per annum by the carry Trade.Since the World bank is owned y the USA,mostly,India literally is giving rs 50000 Crores from 2014 to the USA,just like that..Since the World Bank loan in US Dollars the Loan from the Eurozone will face almost same Currency Fluctuation risk as the World banl one.India should also stop taking Loans from the World bank in future at such HIGH rates.
Similarly in the Bond Issue at 6.5 percent India is losing rs 5000 Crores per annum,viz-a-viz the US Treasury Holdings.
The Finance Ministry can use Computers to study the LOSSES/GAINS,if any via arbitrage and take appropriate action..
Trust is the basis of public finance, in fact of public governance. Read Ms Remya Nair’s column to understand how profoundly that is missing. What is the point of having an FRBM Act if the CAG informs the Finance Commission that the fiscal deficit for 2018 – 19 is not the reported 3.4% but 5.8%. If someone who has served as CEA says the economy is growing at 4.5%, not the claimed 7%. These are not minor variations, statistical imprecision that can be understood in an economy large parts of which are informal, not fully routed through the banking system. There is something fragrant in the State of Denmark.
India can borrow in Foreign Currencies,especially from he Eurozone [ that is in Euro[ to IMMEDIATELY pay back the US Dollars 105 Billion Loan at 9.5 percent.[This is a varying rate and India had been charged around 16 percent in the 1970s].India’s US Dollars 138 Billion US Treasury Holdings feteches a mere 2 pwercent.Thaat is India is losing more than rs 50000 Crores per annum by the carry Trade.Since the World bank is owned y the USA,mostly,India literally is giving rs 50000 Crores from 2014 to the USA,just like that..Since the World Bank loan in US Dollars the Loan from the Eurozone will face almost same Currency Fluctuation risk as the World banl one.India should also stop taking Loans from the World bank in future at such HIGH rates.
Similarly in the Bond Issue at 6.5 percent India is losing rs 5000 Crores per annum,viz-a-viz the US Treasury Holdings.
The Finance Ministry can use Computers to study the LOSSES/GAINS,if any via arbitrage and take appropriate action..
Trust is the basis of public finance, in fact of public governance. Read Ms Remya Nair’s column to understand how profoundly that is missing. What is the point of having an FRBM Act if the CAG informs the Finance Commission that the fiscal deficit for 2018 – 19 is not the reported 3.4% but 5.8%. If someone who has served as CEA says the economy is growing at 4.5%, not the claimed 7%. These are not minor variations, statistical imprecision that can be understood in an economy large parts of which are informal, not fully routed through the banking system. There is something fragrant in the State of Denmark.