NRI deposits Current Affairs, GK & News

Status Report on India’s External Debt 2021-22

The External Debt Management Unit (EDMU), Department of Economic Affairs, Ministry of Finance, recently released the 28th edition of the Status Report on India’s External Debt 2021-22. Highlights Long term debt: USD 499.1 billion constituted the largest chunk of 80.4 per cent of total Short-term debt: USD 121.7 billion accounted for 19.6 per cent of ..

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June 16: International Day of Family Remittances

Every year, the International Day of Family Remittances is observed on June 16 by the United Nations. The day is observed all over the world. This year the day is celebrated under the theme Theme: Remittances are a lifeline Highlights The day is celebrated to recognize the efforts of migrants living abroad and help improve ..

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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 ..

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