100 || Centre debt crosses 100 lakh crores ||
For the first time, the outstanding debt of the central government crossed the Rs 100-trillion mark ($1.26 trn at current exchange rate), at the end of June.
A quarterly report by the finance ministrys department of economic affairs (DEA) shows while debt was rising gradually, the sudden jump of Rs 7 trillion in the first quarter of this fiscal year (April-June 2020, or Q1) accentuated by the Covid-19 pandemic pushed it beyond the Rs 100 trillion mark. This number is inclusive of the liabilities towards the public account, which comprises reserve funds and deposits, securities against special subsidies, among other liabilities.
Indias sovereign or public debt, which includes the domestic and external liabilities and excludes the public account liabilities, stood at Rs 92.3 trillion at the end of June.
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100 || Centre debt crosses 100 lakh crores || For the first time, the outstanding debt of the central government crossed the Rs 100-trillion mark ($1.26 trn at current exchange rate), at the end of June. A quarterly report by the finance ministrys department of economic affairs (DEA) shows while debt was rising gradually, the sudden jump of Rs 7 trillion in the first quarter of this fiscal year (April-June 2020, or Q1) accentuated by the Covid-19 pandemic pushed it beyond the Rs 100 trillion mark. This number is inclusive of the liabilities towards the public account, which comprises reserve funds and deposits, securities against special subsidies, among other liabilities. Indias sovereign or public debt, which includes the domestic and external liabilities and excludes the public account liabilities, stood at Rs 92.3 trillion at the end of June.