debt-to-GDP ratio Current Affairs, GK & News
IMF: India’s Debt to GDP increased to 90%
The International Monetary Fund recently announced that the debt to GDP ratio of India increased from 74% to 90% due to COVID-19 crisis. This is to increase to 99% in 2021. The international financial organisation has also stated that this is to reduce to 80% after economic recovery. What is Debt to GDP ratio? The ..
Month: Current Affairs - April, 2021
Category: Economy & Banking Current Affairs
Topics: Consolidated Fund of India • debt-to-GDP ratio • external debt to GDP Ratio • GDP • International Monetary Fund (IMF) • Public Debt
Status Paper on Government Debt released
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 68.7% in March 2018 to 68.6% in 2019. Highlights The Status Paper on Government Debt is being produced by the Ministry of Finance since 2010. Current debt ..
Month: Current Affairs - May, 2020
Category: Economy & Banking Current Affairs
Topics: Consolidated Fund of India • Debt • debt-to-GDP ratio • external debt • government liabilities • Ministry of Finance
Why India needs watch-dog for Fiscal Discipline?
The Chairman of the Fifteenth Finance Commission N K Singh has pitched for a fiscal council to enforce fiscal rules and better manage public debt. Why Fiscal Council? For state government liabilities, Article 293 (3) provides a constitutional check over borrowings. But there are no such restrictions on the Centre Hence there is a need ..
Month: Current Affairs - April, 2019
Category: Economy & Banking Current Affairs
Topics: CAG • debt-to-GDP ratio • Fifteenth Finance Commission • fiscal council • Fiscal Discipline • FRBM review committee • government liabilities • N. K. Singh