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Govt gives Rs 9,000 cr to Exim Bank as loans extended to foreign countries turn NPAs

The Exim Bank had to invoke the guarantees after decade-plus old loans extended to some African countries turned into non-performing assets.

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Budget 2024: Subsidies Burden To Get Lighter

Budget 2024: Subsidies Burden To Get Lighter
forbesindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbesindia.com Daily Mail and Mail on Sunday newspapers.

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RBI panel proposes framework for State guarantees

State governments may publish/ disclose data relating to guarantees, as per the Indian Government Accounting Standard (IGAS), it said.

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Reasonable ceiling on issuance of guarantees by State govts desirable: RBI Working Group

Reasonable ceiling on issuance of guarantees by State govts desirable: RBI Working Group
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Working Group suggests tighter norms for States while giving guarantees

Working Group suggests tighter norms for States while giving guarantees
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Redemption fundA working groupWorking groupState finance secretariesState governmentsRevenue receiptsGross state domestic productReserve bankIndian government accounting standardAuditor generalGuarantee redemption