Topic: Debt
International Debt Report (IDR) 2024
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...
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...
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...
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...
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...
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...
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...
Cabinet approves amendment of Direct Tax Vivad se Vishwas Bill, 2020
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...
Cabinet Approval: Capital Infusion in three public sector Units OICL, UIICL and NICL
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...
ArcelorMittal’s takeover of Essar cleared by apex court
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...
