BJP Drives ONGC Into Debt
A letter written by the General Secretary of the Employees Mazdoor Sabha of ONGC to PM Modi exposes yet again that the only people whose interests the Modi govt. wants to protect are of its crony capitalist friends.
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Global debt jumps to $226 tn; India's debt rose to 89.6% in 2020 says IMF
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Global debt has jumped to a new high
The International Monetary Fund (IMF) said global debt has jumped to a new high of $226 trillion with India’s dues projected to rise to 90.6 per cent in 2021, due to COVID-19 and policies put in place to respond to it. Advanced economies and China contributed over 90% to the accumulation of debt in 2020 and the remaining emerging economies and low-income developing countries contributed only around seven per cent. India's debt increased to 89.6% of its GDP in 2020 from 68.9% in 2016. This increase is, by far, the largest on record. This figure includes both public and non-financial private sector debt. The remaining emerging economies and low-income developing countries contributed only around seven percent. It is projected to jump to 90.6 percent in 2021 and then decline to 88.8 percent in 2022, to gradually reach 85.2 percent in 2026. The IMF said risks to the fiscal outlook are elevated. A scaling up of vaccine production and delivery, especially to emerging markets and low-income developing countries, would limit further damage to the global economy.
Constraints on financing are particularly severe for poorer countries. Noting that in 2020, fiscal policy proved its worth, he said the increase in public debt, in 2020, was fully justified by the need to respond to COVID-19 and its economic, social, and financial consequences. But the increase is expected to be one-off. After that it is projected to stabilise at about 97 percent of GDP. These debt dynamics are driven by a strong contribution from nominal GDP growth, accompanied by a much more gradual reduction in the primary deficit, he said. The IMF further said that, risks to the fiscal outlook are elevated. A scaling up of vaccine production and delivery, especially to emerging markets and low-income developing countries, would limit further damage to the global economy. On the downside, new variants of the vبذریعے VARINDIA | 120 نظٓارہ
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According to London ambulance service, the eight injured were taken to hospitals, and many others are being treated at the scene. Muslim leaders said the attack was made to target muslims specifically and have linked it to the recent rise in anti-Muslim hate crime.
PM Theresa May said the police were treating the incident as ‘a potential terrorist attack’. London Mayor Said Khan called it a ‘deliberate, horrific terrorist attack, aimed to target innocent Londoners, many who were finishing prayers during Ramadan’.
Police and armed forces have cordoned the area and search parties have been deployed as well.
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Rahul Gandhi Called for It—Now 74% Demand a Caste Census!
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खबर फास्ट भारत का हिंदी न्यूज चैनल है । खबर फास्ट चैनल हरियाणा, हिमाचल प्रदेश, पंजाब, राजस्थान, उत्तर प्रदेश और हर एक राज्य से जुड़ी खबर से रुबरु कराता है । ख़बर फास्ट न्यूज चैनल राजनीति, मनोरंजन, बॉलीवुड, व्यापार और खेल में नवीनतम समाचारों को शामिल करता है। खबर फास्ट चैनल की लाइव खबरें एवं ताजा ब्रेकिंग अपडेट न्यूज, प्रोग्राम के लिए बने रहिए- टीवी चैनल्स, सोशल मीडिया (YOUTUBE, FACEBOOK, INSTAGRAM,TWITTER AND WEBSITE)
Khabar Fast is the Hindi news channel of India. Khabar Fast Channel deals with news related to Haryana, Himachal Pradesh, Punjab, Rajasthan, Uttar Pradesh and every state. The Khabar Fast News channel covers the latest news in politics, entertainment, Bollywood, business and sports. Khabar Fast Channel Live news and latest breaking news, stay tuned for the program - TV channels, social media (YOUTUBE, FACEBOOK, INSTAGRAM, TWITTER AND WEBSITE)
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