Bullet proof cars for VIPs is a cruel decision from Govt while state is under debt: Velingkar

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Bullet proof cars for VIPs is a cruel decision from Govt while state is reeling under 21000 crore debt: Velingkar

#Goa #GoaNews #BulletProff #Car #ToyotaFortuner

Bullet proof cars for VIPs is a cruel decision from Govt while state is under debt: Velingkar.

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    #Goa #GoaNews #BulletProff #Car #ToyotaFortuner

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    The International Monetary Fund (IMF) said global debt has jumped to a new high of $226 trillion with India’s dues projected to rise to 90.6 per cent in 2021, due to COVID-19 and policies put in place to respond to it. Advanced economies and China contributed over 90% to the accumulation of debt in 2020 and the remaining emerging economies and low-income developing countries contributed only around seven per cent. India's debt increased to 89.6% of its GDP in 2020 from 68.9% in 2016. This increase is, by far, the largest on record. This figure includes both public and non-financial private sector debt. The remaining emerging economies and low-income developing countries contributed only around seven percent. It is projected to jump to 90.6 percent in 2021 and then decline to 88.8 percent in 2022, to gradually reach 85.2 percent in 2026. The IMF said risks to the fiscal outlook are elevated. A scaling up of vaccine production and delivery, especially to emerging markets and low-income developing countries, would limit further damage to the global economy.

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