Interest pay-out of the government in the next financial year is expected to climb 11-12% from the ongoing fiscal 2024. The interest pay-out for FY24 is projected to be Rs 10.80 lakh crore. In the pre-Covid FY20, interest payment at Rs 6.12 lakh crore had accounted for 22.8% of the total expenditure.
'Let's first make India one family,' says Raghuram Rajan, author of Breaking the Mould thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
Exclusive for Subscribers from Monday to Friday: Why India-Maldives Bilateral Relations, Hydrographic surveys and production-linked incentive (PLI) scheme are relevant to the UPSC Exam? You can learn more by reading the Indian Express UPSC Key for December 15, 2023.
The industrial policy, expected to be released this year, would have been the third such framework in the history of independent India, replacing the historic policy of 1991 that came in the backdrop of the balance of payment crisis, ushering in the liberalisation of the economy.
Keeping the poll promises will be a daunting task as a back-of-the-envelope calculation of the money needed to keep them raises questions about their sustainability when public debt has been rising | Latest News India