US Legal Debt Ceiling

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 of money that the US government can borrow to finance its operations. ..



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 ..


UNCTAD cancels 1 trillion USD debts owed by developing countries

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 to the UNCTAD, over 64 low-income countries spend more on debts than ..


India attends Development Committee Meeting of IMF-World Bank

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 in the 101st meeting of the development committee that was held through ..


15th Finance Commission to set up panel to examine fiscal and debt situation of Centre and States

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 be headed by the Chairman of the 15th Finance Commission N.K.Singh.  It ..

What is Counter Cyclical Fiscal Policy of GoI?

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 Express Adda event in Mumbai highlighted that Counter Cyclical Fiscal Policy is ..