Congress Vice President Rahul Gandhi visited Mirzapur, Uttar Pradesh to address a huge election rally. While speaking on the occasion he lashed out at SP, BSP and BJP for the lack of development in the state. 'Gujarat govt also gave away contract worth Rs. 26000 cr to Adani. Under Modi, the total debt of Gujarat has piled up to Rs. 180000 crore,' said Rahul Gandhi..
Congress Vice President Rahul Gandhi visited Mirzapur, Uttar Pradesh to address a huge election rally. While speaking on the occasion he lashed out at SP, BSP and BJP for the lack of development in the state. 'Gujarat govt also gave away contract worth Rs. 26000 cr to Adani. Under Modi, the total debt of Gujarat has piled up to Rs. 180000 crore,' said Rahul Gandhi.
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Global debt has jumped to a new high
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.
Constraints on financing are particularly severe for poorer countries. Noting that in 2020, fiscal policy proved its worth, he said the increase in public debt, in 2020, was fully justified by the need to respond to COVID-19 and its economic, social, and financial consequences. But the increase is expected to be one-off. After that it is projected to stabilise at about 97 percent of GDP. These debt dynamics are driven by a strong contribution from nominal GDP growth, accompanied by a much more gradual reduction in the primary deficit, he said. The IMF further said that, 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. On the downside, new variants of the v
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Reeling under Rs 24000 crore debt. Goa Govt fails to disburse financial aid to beneficiaries
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Reeling under Rs 24000 crore debt. Goa Govt fails to disburse financial aid to beneficiaries
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After a three-day onslaught dumped a historic 7 feet of snow on the Buffalo area and killed at least 12 people, the sun came out Friday, but so did predictions of flooding caused by rain, temperatures up to 60 degrees and blocked catch basins. (Nov. 21)
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Commuters and residents furious! Mapusa municipality fails to remove the garbage piled up for the last 20 days
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In 5.5 Years Total Debt Increased by 71%: Gourav Vallabh addresses media at Congress HQ on The State of Economy
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Allocation of central funds rose to Rs. 25,396 crore from Rs. 7,283 crore under Modi govt : Shri Amit Shah lists Modi govt's development initiatives for Tripura during press conference in Agartala, Tripura, 06.05.2017
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