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External Debt Management Unit (EDMU) in the Department of economic Affairs, Ministry of Finance, has released 28th edition of the Status Report on India’s External Debt 2021-22. India’s external debt, at US$ 620.7 billion as at end-March 2022, grew by 8.2 % over US$ 573.7 billon as at end-March 2021. External debt as a ratio to GDP fell marginally to 19.9 % as at end-March 2022 from 21.2 % a year ago. Foreign currency reserves as a ratio to external debt stood slightly lower at 97.8 % as at end-March 2022 than 100.6 % a year ago. The long-term debt estimated at US$ 499.1 billion, constituted the largest chunk of 80.4 %, while the short-term debt, at US$ 121.7 billion, accounted for 19.6 % of the total. As at end-March 2022, sovereign external debt (SED) amounted to US$ 130.7 billion, increasing by 17.1 % over the level a year ago, reflecting the additional allocation of SDRs by the IMF during 2021-22. The debt service ratio fell to 5.2 % during 2021-22 from 8.2 % during 2020-21 due to buoyancy in current receipts and a decline in debt service payments.
Consider the following statements regarding Phase II of the Swachh Bharat Mission (Grameen) [SBM (G)]
1) The program will be implemented ...
When Government expenditure is more than income, through which of the following ways, it does the deficit financing?
(1) From Banks
(2) Fr...
Who among the following is not one of the eligible beneficiaries of PMUY?
Which of the following Statements about Multiplier Effect is/are True?
I- When the government spends a rupee, overall income rises by a multiple ...
Which of the following statements about Prompt Corrective Action is/are True?
I- Prompt Corrective Action F...
Which of the following Statements about IREDA is/are True?
I- It is registered as Non-Banking Financial Company (NFBC) with Reserve Bank of India...
What is the basic difference between Gross NPA and Net NPA?
I- Gross NPA is the total of Bank loans and Net NPA is the total of all kinds of loan...