Debt

sitharaman: Sitharaman highlights rising debt vulnerabilities in developing countries at G20, seeks multilateral coordination

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1679129934 photo | journalpur

Finance Minister Nirmala Sitharaman on Friday highlighted rising debt vulnerabilities in many developing countries and sought views from G20 member nations on ‘multilateral coordination’ for managing the burden. Speaking at inaugural session of the G20 finance ministers and central bank governors (FMCBG) meeting, Sitharaman also sought views on how multilateral development banks, like the IMF … Read more

world bank: World Bank promises ‘concessionality’ in debt restructuring

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1679129910 photo | journalpur

The World Bank will “provide as much concessionality to the debt treatment” for distressed economies as possible, its president told a meeting with the International Monetary Fund, India and other creditor nations on Saturday. “The World Bank is committed to providing net positive flows in a way that maximizes concessionality in the restructuring process,” David … Read more

LIC’s debt exposure in Adani group companies dips marginally to Rs 6,183 crore as of March 5

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1679129841 photo | journalpur

LIC’s debt exposure in Adani group companies fell marginally to Rs 6,183 crore as of March 5 from Rs 6,347 crore as of December 31, 2022, Parliament was informed on Monday. In a written reply to the Lok Sabha, Finance Minister Nirmala Sitharaman said, “The Life Insurance Corporation of India (LIC) has informed that its … Read more

US fiscal impasse: could the nation default on its debt? | business and economy

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48 | journalpur

Treasury Secretary Janet Yellen has warned that the US could default in early June if Congress fails to raise the debt ceiling. US fiscal impasse: could the nation default on its debt? The United States’ national debt is now six times what it was at the beginning of this century. Despite its mounting liabilities, the … Read more

Debt MFs log Rs 2.3 lakh crore outflow in 2022 on rate hike cycle

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221208 untitled design 2022 11 16t103143979 | journalpur

Increasing interest rate cycles and better returns from equity weigh down on mutual funds focussed on investing in fixed income securities in 2022, with the segment witnessing a net outflow of Rs 2.3 lakh crore, while a reversal of trend is expected in 2023 on anticipation of slowdown in the rate hike cycle. Debt MFs … Read more

India total debt increases to Rs 147 lakh crore in Q2

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1672564487 photo | journalpur

The government’s total debt increased to Rs 147.19 lakh crore at the end of September from Rs 145.72 lakh crore at the end of June this fiscal year, stated a report by finance ministry. India total debt increases to Rs 147 lakh crore in Q2 It reflects a quarter-on-quarter increase of 1 per cent in … Read more

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