Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
Associate PartnerAssociate Partner
LIVE TV DownloadNews18 App
News18 English
News18 » Politics
1-min read

India's Debt Rises to Rs 88 Lakh Crore, Congress Says Increase 'Worrisome'

The government may have reduced corporate taxes but that does not encourage corporates to invest more as there is no money in the market.

PTI

Updated:September 28, 2019, 4:27 PM IST
facebookTwitterskypewhatsapp
India's Debt Rises to Rs 88 Lakh Crore, Congress Says Increase 'Worrisome'
File photo of Supriya Shrinate.(Facebook)

New Delhi: India had a "worrisome" debt burden of over Rs 88 lakh crore at the first financial quarter of 2019 with the government apparently having no inkling to deal with the country's economic slowdown, the Congress said on Saturday.

Addressing a press conference, Congress spokesperson Supriya Shrinate also said the debt has risen by 4 percent compared to the last quarter.

India's debt stands at Rs 88.18 lakh crore at the end of June 2019, according to the latest data on public debt. This is a four percent jump from the previous quarter i.e. a rise in debt by Rs 3.5-4 lakh crore. It is worrisome, Shrinate said at the party office here.

There seems to be no plan with the government to deal with the economic slowdown, she said, adding there was no proper communication between the government and the country's central bank- Reserve Bank of India.

The government may have reduced corporate taxes but that does not encourage corporates to invest more as there is no money in the market.

India has a debt of Rs 88 lakh crore. This government is bewildered. Finance Minister says one thing, RBI says something else. There seems to be no proper communication between them. The debt figure shows the fiscal discipline is not being adhered to, she said.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results