Recently, Chief Economic Advisor (CEA) of India Krishnamurthy Subramanian said that it is the right opportunity for the country to raise funds through overseas sovereign bonds at a much cheaper rate compared with those in the domestic market.
Apart from the CEA’s viewpoint, an announcement by Finance Minister Nirmala Sitharaman in her Budget 2019 speech was also that “India’s sovereign external debt to GDP is among the lowest globally at less than 5%.
Sovereign debt is a debt issued by the national government generally in a foreign currency in order to raise funds or to finance the country’s fiscal deficit or to fund development projects.
The stability of the government of the issuing country and confidence in the currency among others are some of the parameters which can be considered by an investor before buying the bonds.
Countries with high-credit-worthiness will pay less interest on such bonds whereas countries with low-credit-worthiness will pay high interest.
This is why it is being said that India is in the right zone to issue the sovereign bonds now after five years of a stable and strong government, followed by an even bigger mandate for the incumbent.
When the public discourse on the issue of economic slowdown was started a few months back, among many other reasons, it was argued that the unwillingness to lend on the part of Public sector banks remained a hurdle to energies the economy.
Of Course, PSBs that had been forced to NPA mess during UPA days may have their rightful worries in lending.
The major step of recapitalising the PSBs has already started long before.
It strengthened banks and helped them lend Rs 2.5 lakh crore.
In the Union Budget of 2019-20, Rs 70,000 crore of capital infusion for public sector banks was announced.
On August 23, 2019, when Finance Minister Nirmala Sitharaman appeared before the press to announce a slew of measures to boost the economy, much of it was focused on providing additional lending and liquidity to Public Sector Banks and also ensuring that the banks will pass the benefits to the needed segments of the society.
Ministry of Health & Family Welfare has undertaken various initiatives using Information & Communication Technologies to boost the performance of the public healthcare system in India.
Ministry of Health has already initiated various online portals like National Health Portal e-Hospital, Online Registration System (ORS), `Mera Aspataal’ (Patient Feedback) Application as well as healthcare mobile apps like Vaccine Tracker, NHP Swasth Bharat, No More Tension Mobile App., Pradhan Mantri Surakshit Matritva Abhiyan Mobile App.
Today, the maiden interim budget has been presented by Finance Minister Nirmala Sitharaman for 2019-20.
There is a whopping 16 percent increase over the 2018-2019 allocation which was Rs 54,302.50 crores.
Meena Ganesh, MD & CEO, Portea Medical
As per her, “It is heartening to see how the government has been promoting healthcare startups in India and increasing the spending on healthcare.
Ministry of Health & Family Welfare has undertaken various initiatives using Information & Communication Technologies to boost the performance of the public healthcare system in India.
Ministry of Health has already initiated various online portals like National Health Portal e-Hospital, Online Registration System (ORS), `Mera Aspataal’ (Patient Feedback) Application as well as healthcare mobile apps like Vaccine Tracker, NHP Swasth Bharat, No More Tension Mobile App., Pradhan Mantri Surakshit Matritva Abhiyan Mobile App.
Today, the maiden interim budget has been presented by Finance Minister Nirmala Sitharaman for 2019-20.
There is a whopping 16 percent increase over the 2018-2019 allocation which was Rs 54,302.50 crores.
Meena Ganesh, MD & CEO, Portea Medical
As per her, “It is heartening to see how the government has been promoting healthcare startups in India and increasing the spending on healthcare. This will be a positive significant to the healthcare app development industry
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Eldeco MD Pankaj Bajaj in the panel discussion on CNBC TV18.
The discussion was carried out by eminent real estate leaders and shared their views on Budget 2019 and its effect on the real estate industry.
