External Debt

RBI's Rajan says taking steps to 'firewall' economy

Reserve Bank of India Governor Raghuram Rajan said extending the country's external debt maturities, implementing sound policies, and building up foreign exchange reserves were the best "firewall" to defend the country's economy.

Pakistan vows to never roll back its nuclear programme

Pakistan’s finance minister Ishaq Dar said on Thursday that his country will never roll back its nuclear programme despite financial hardship

The economy has found its mojo this century, but work is only half done on the reforms front

The Indian economy has grown six fold in size between 2001 and 2015 and now stands at Rs 125.41 lakh crore in fiscal year 2015 from Rs 21.77 lakh crore in fiscal year 2001 at the start of this millennium.

India's external debt declines by $3.6 bn in Q1

India's external debt at the end of the first quarter of the current fiscal declined by 0.9 percent on sequential basis to $388.5 billion due to strengthening of the US dollar against rupee.

Stupid, stupider: FM is building forex reserves with debt

From talk about creating a sovereign wealth fund we are now trying to build a forex kitty with borrowed dollars. An artificially strong rupee is a recipe for disaster

Brace for more pain: CAD's lower but India's external debt up 13%

Forex woes: Nifty to lose another Rs 4k cr; oil cos hit

The reported forex losses will be high because the companies have to declare their total foreign debt depending on the closing value of the rupee.

Govt may aim at a 4.3 percent fiscal deficit in FY13

The government has hiked the market borrowing target for the current fiscal to Rs 4.35 lakh crore, from the budgeted Rs 3.43 lakh crore.

Moody's cuts Hungary to 'junk' on high debt levels, weak growth

Moody's slashed Hungary's bond rating to "junk" late on Thursday, citing high debt levels, weak growth prospects and uncertainty about its ability to meet fiscal goals.

Is Manmohan taking us back to the 1991 external mess?

The government is opening up the gates to external debt to shore up the rupee. We are now heading towards another external debt problem if we don't pull back.