In 2023, low- and middle-income countries (LMICs) faced unprecedented external debt levels, total reaching US$8.8 trillion. Servicing this debt became more expensive than ever. The 2024 International Debt...
As the United States faces a mounting national debt, discussions surrounding the debt ceiling have become increasingly common. The debt ceiling is a legal limit on the amount...
On May 22, 2020, the Ministry of Finance released Status Paper on Government Debt 2018-19. According to the report, the overall debt of centres and states declined by...
The United Nations Conference on Trade and Development (UNCTAD) has announced that it is to cancel over 1 trillion USD of debt owed by developing countries. Highlights According...
On April 17, 2020, India attended the Development Committee meeting of World Bank-International Monetary Fund. India was represented by the Finance Minister Smt Nirmala Sitaraman. Highlights India participated...
The Fifteenth Finance Commission is to set up a panel soon, which will examine the fiscal and debt situation of the Centre and states. This panel is to...
The Government of India has adopted “Counter Cyclical Fiscal Policy” in order to decrease the Economic Slow Down in the country. The Economic Chief Advisor Subramanian at the...
The Union Cabinet approved the amendment of the Direct Tax Vivad se Vishwas Bill, 2020, so that it also covers the litigations pending in debt recovery tribunals (DRTs) across the...
On February 12, 2020, the Union Cabinet approved on capital infusion in three Public Sector Units namely United India Insurance Company (UIICL), Oriental Insurance Company Limited (OICL) and...
On 15 Nov, the three judge bench of the Supreme Court has accepted world’s largest steelmaker, Arcelor Mittal’s offer to pay an aggregate Rs 42,000 crore as an...
