CURRENT AFFAIRS

2020

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
According to RBI, in December 2019 foreign borrowings of Indian companies decline by how much?
A
19%
B
30%
C
45%
D
56%
Explanation: 

Detailed explanation-1: -The government’s total debt increased to Rs 147.19 lakh crore at the end of September from Rs 145.72 lakh crore at the end of June this fiscal year, stated a report by finance ministry.

Detailed explanation-2: -India’s External Debt as at the end of June 2022 The major developments relating to external debt as at end-June 2022 are presented below. At end-June 2022, India’s external debt was placed at US$ 617.1 billion, recording a decrease of US$ 2.5 billion over its level at end-March 2022 (Table 1).

Detailed explanation-3: -At end-June 2022, long-term debt (with original maturity of above one year) was placed at US$ 487.3 billion, recording a decrease of US$ 10.6 billion over its level at end-March 2022 (Table 1).

Detailed explanation-4: -External debt of the non-financial corporations is the highest among different categories in 2022-at US$ 250.2 billion (Table 1).

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