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.
Rupee is down to a record low, dragging stocks and bonds. And with few signs the commodity boom will end soon, investors are bracing for more possible losses.
The move to maintain the borrowing plan will be seen as a positive for bonds, after a cut in corporate tax rates stoked concerns in shortfall in revenue.
Govt official says there is no traction on the proposal as of now. This comes after several economists, including PMEAC members, vociferously oppose move.
Bond yields globally are declining and bonds in India are less enthused given the lack of clarity on the govt’s spending plans and its foreign debt debut.
Sceptics might argue that popping pills is a simpler solution for mental health issues, but there’s growing evidence that the 'opium of the masses' is worth a serious shot.
With an educated & skilled workforce, Tamil Nadu has a burgeoning industrial sector which has scored massive investments in automobiles, electronics, and even footwear.
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.
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