The Economic Survey 2013-14, presented today in the Lok Sabha by the Union Finance Minister Shri Arun Jaitley, has noted that India’s external debt has remained within manageable limits due to the external debt management policy, with prudential restrictions on debt varieties of capital inflows given the large interest differential. India’s external debt stock at end of March 2013 stood at US $ 404.9 billion (Rs. 2,200,410 crore), recording an increase of US$ 44.1 billion (12.2 per cent) over the previous year’s level of US $ 360.8 billion (Rs. 1,844,167 crore). External debt both at end March 2013 and end March 2012 is higher than reported earlier in various publications owing to the inclusion of securitized borrowings of banks as reported by the RBI in its external debt statistics. Component-wise, long-term debt increased by 9.1 per cent to US $ 308.2 billion at end March, 2013 from US $ 282.6 billion at end March 2012, while short-term debt refers to such debt in terms of original maturity unless otherwise stated, increased by 23.7 per cent to US $ 96.7 billion from US $ 78.2 billion at end March 2012, reflecting elevated levels of imports.
Read,Write & Revise.Minimum reading & maximum learning
9 July 2014
External Debt Remains within Manageable Limits
The Economic Survey 2013-14, presented today in the Lok Sabha by the Union Finance Minister Shri Arun Jaitley, has noted that India’s external debt has remained within manageable limits due to the external debt management policy, with prudential restrictions on debt varieties of capital inflows given the large interest differential. India’s external debt stock at end of March 2013 stood at US $ 404.9 billion (Rs. 2,200,410 crore), recording an increase of US$ 44.1 billion (12.2 per cent) over the previous year’s level of US $ 360.8 billion (Rs. 1,844,167 crore). External debt both at end March 2013 and end March 2012 is higher than reported earlier in various publications owing to the inclusion of securitized borrowings of banks as reported by the RBI in its external debt statistics. Component-wise, long-term debt increased by 9.1 per cent to US $ 308.2 billion at end March, 2013 from US $ 282.6 billion at end March 2012, while short-term debt refers to such debt in terms of original maturity unless otherwise stated, increased by 23.7 per cent to US $ 96.7 billion from US $ 78.2 billion at end March 2012, reflecting elevated levels of imports.
Subscribe to:
Post Comments (Atom)
Featured post
UKPCS2012 FINAL RESULT SAMVEG IAS DEHRADUN
Heartfelt congratulations to all my dear student .this was outstanding performance .this was possible due to ...

-
Rapporteurs’ Summarization in the Global Roundtable on Inclusive Innovations I extend a very warm welcome to the delegates for the F...
-
Swachh Bharat Abhiyaan was launched by Hon’ble Prime Minister of India on 2 nd October, 2015, which caught attention of everybody not onl...
-
China to establish robot station on moon China is planning to establish a robot station on the moon to conduct bigger and more complicated...
-
The Prime Minister Launched National Agriculture Market 21 Mandis from 8 States have been Linked to National Agriculture Market 20...
-
Devolving more resources to the states is the trend now, as outlined by the Fourteenth Finance Commission or FFC. One hopes the states al...
-
How MCLR will affect your home loan For new borrowers, home loan rates will be automatically reset either yearly or every six months ...
-
A preliminary draft of a new intellectual property rights policy for India has been the occasion for much discussion. Commerce Minister ...
-
Fifty years of shared space In October 1967, as the heat of the Cold War radiated worldwide, the Outer Space Treaty came into f...
-
The inter-tropical convergence zone (ITCZ), a belt of precipitation caused by the trade winds (which blow from east to west in the north a...
-
What does the decision to save groundwater in Punjab or Haryana have to do with air pollution in Delhi? Plenty. We need to know this bec...
No comments:
Post a Comment