Source: TH Subject: Economy Context: The Enforcement Directorate has issued show-cause notices to Kerala CM, former Finance Ministry and KIIFB officials over alleged FEMA and RBI violations linked to KIIFB’s 2019 Masala Bond issuance. About Masala Bond: What is a Masala Bond? Masala Bonds are rupee-denominated bonds issued overseas by Indian entities to raise funds, …
GSPaper-2 Syllabus: Government budgeting, issues related to planning and mobilization of resources etc Source: Moneycontrol.com Context: The Centre has relaxed norms for adjusting states’ off-budget loans and said such liabilities of the last fiscal year can be adjusted against their borrowing ceilings for the next four years till March 2026. The move will …
Continue reading “Centre relaxes norms for adjusting states’ off-budget borrowings”
Topics Covered: Government Budgeting. ‘Off-budget borrowing’: Context: One of the most sought after details in any Union Budget is the level of fiscal deficit. As such, it is keenly watched by rating agencies — both inside and outside the country. That is why most governments want to restrict their fiscal deficit to a respectable number. …
