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

RBI and Finance Ministry to meet to decide on First Half Borrowing Plan

The Finance Ministry and the Reserve Bank of India is to hold a meeting on March 31, 2020 to discuss about the first half borrowing plan for the year 2020-21. For the first time in Indian history, the meeting is to be held through video conferencing. The Plan According to the Union Budget 2020-21, the ..

Month: Current Affairs - March, 2020

Category: Economy & Banking Current Affairs

Topics: Borrowings • external debt • Finance Ministry • India-IMF • india-world bank • RBI • Reserve Bank of India (RBI) • Special drawing rights • Union Budget • US Dollar

India’s External Debt Eases

India’s external debt has witnessed a decline of 1.6% to US$ 521.2 billion at end-December 2018 over its level at end-March 2018, on account of the decrease in commercial borrowings and trade credit. Further: There had been a valuation gain in external debt as at end December 2018 due to the depreciation of the US dollar vis-a-vis the ..

Month: Current Affairs - April, 2019

Category: Economy & Banking Current Affairs

Topics: commercial borrowings • Depreciation • Dollar • Euro • external debt • long-term debt • NRI deposits • Pound sterling • SDR • short term trade credit • trade credit • yen