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 Report (IDR) marks these trends and offers vital information about debt flows ..
Month: Current Affairs - December, 2024
Category: Reports & Indexes Current Affairs
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. ..
Month: Current Affairs - May, 2023
Category: International / World Current Affairs
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 ..
Month: Current Affairs - May, 2020
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 ..
Month: Current Affairs - April, 2020
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 ..
Month: Current Affairs - April, 2020
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 ..
Month: Current Affairs - February, 2020
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 country. The scheme can be availed in search and seizure procedures, where ..