Now that $10 billion in subscription is unlikely to come in October, masala bonds, or rupee debt sold overseas to global investors, could be the solution.
The RBI, which cut interest rates to the lowest in 9 years to support growth, has found that the current situation index fell from optimism to pessimism.
The circular issued on 12 February 2018 said that lenders have to provide a resolution plan within 180 days for large accounts of Rs 2,000 crore and above.
While the "establishment" has enjoyed a large share of power, last week's constitutional amendments gave Army chief Asim Munir additional powers and lifelong immunity from prosecution.
While global corporations setting up GCCs in India continue to express confidence in availability of skilled AI engineers, the panel argued that India’s real challenge lies elsewhere.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
5% annual depreciation of the rupee is the true cost of borrowing in foreign currency. Put another way, our rate of inflation is much higher, which is why the rupee continues to weaken. It would be facile to be tempted by low rates of interest abroad and give up time tested prudence and caution. Foreign governments and investors have the measure of India now.
5% annual depreciation of the rupee is the true cost of borrowing in foreign currency. Put another way, our rate of inflation is much higher, which is why the rupee continues to weaken. It would be facile to be tempted by low rates of interest abroad and give up time tested prudence and caution. Foreign governments and investors have the measure of India now.