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STATE GOVT DEBT
MPC Forex Level: India’s forex reserves remain healthy at $682.3 billion, says RBI Governor Sanjay MalhotraIndia's foreign exchange reserves are strong at $682.3 billion. The Reserve Bank of India has used these reserves to stabilize the rupee. D...- Delhi Gymkhana Club has MF investments worth Rs 200 crore, earned more from food and parties than sports: Financial reportDelhi Gymkhana Club saw its surplus surge nearly ten times to Rs 9.5 crore in 2023-24. Restaurants, bars, and banquets drove this revenue g...
- SC issues notices to Centre on PIL seeking ban on employment of children in orchestras, spasThe Supreme Court has issued notices to the Centre, NCPCR, and NHRC regarding a PIL. The petition seeks a complete ban on employing childre...
- Assam govt aims 20% cut in fuel cost, 10% down in revenue expense as part of austerity measuresAssam government has announced austerity measures to boost fiscal prudence. Fuel expenditure will be cut by 20 per cent. Minister and offic...
- Tamil Nadu CM Vijay reviews departments; White Paper to be released soonTamil Nadu Chief Minister C Joseph Vijay is assessing all government departments. A White Paper will detail the state's financial status. M...
- Maharashtra farmer sells 25 sacks, gets nothing, asked to pay Re 1 insteadA farmer from Paithan, Maharashtra, received just Re 1 after selling 25 sacks of onions. This incident underscores the severe agrarian cris...
- Petrol-diesel price hike coming soon? Why IMF says it mustSpeculation mounts over potential petrol and diesel price hikes as assembly elections conclude, despite government assurances. The IMF urge...
- Government specifies 40 sub-sectors for faster clearance of FDI proposals from land-bordering nationsIndia is fast-tracking foreign investment proposals from China and neighboring nations. Forty key manufacturing sub-sectors, including rare...
- Let oil prices hurt: IMF cautions against govt shielding consumersThe IMF is urging governments to let fuel prices rise, warning that broad subsidies and price caps worsen global energy shocks. Allowing pr...
- Finance Secretary moots rating state govt debtFinance Secretary Ajay Seth proposed rating state government securities based on fiscal behavior to encourage financial discipline. He high...
- After Telangana's Rs 31,000 cr farm loan waiver, Punjab farmers reiterate similar demandThe Telangana government has announced a farm loan waiver of up to Rs 2 lakh, benefiting nearly 40 lakh farmers at a cost of around Rs 31,0...
- States' debt cost continues to rise, nears 7.5%The weighted average cut-off/yield on state government securities (SGS) rose by 5 bps to 7.46 per cent in the auction held on Tuesday, from...
- Pakistan government's debt jumped by PKR 4 trillion in January 2023The figure was PKR 42.39 trillion in January 2022, which means it has increased by 30 per cent over the past year. Meanwhile, domestic debt...
- Borrowings by Telangana exceeded FRBM mandated limit, alleges SitharamanUnder the Fiscal Responsibility and Budget Management Act, it is the responsibility of the central government to ensure intergenerational e...
- States, do look at your borrowingsThe leeway granted to the states to increase borrowing during the Covid-19 pandemic has led to a mushrooming of off-balance-sheet borrowing...
- After soaring last week, states' debt cost falls below 7%With 13 states collectively raising Rs 23,378 crore at the latest auction, 28 states and two Union territories have cumulatively raised Rs ...
- BJP government has led Haryana to the ‘verge of bankruptcy’ & ‘monstrous cycle of huge Debt’: Randeep SurjewalaThe ‘Capital Receipts’ have seen a drop of Rs 7459 crore reflecting financial imprudence and fiscal mismanagement of the BJP Government.
- Budget 2013 hints at Power sector revampThe Cabinet Committee had earlier approved a Scheme for Financial Restructuring of State Distribution Companies.
- Budget 2012: All you wanted to know about non-tax revenuesReceipts in the capital account of the consolidated fund are divided into three broad heads - public debt, recoveries of loans and advances...
- Govt plans move to ease debt burden of statesThe Centre will evolve a mechanism to address the concerns regarding the debt burden of states in the aftermath of the recommendations of t...
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