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<p style="text-align:justify"><em>Meanwhile, data released by the department of economic affairs in the Finance Ministry showed interest paid on debt has increased to Rs 8.05 lakh crore in FY22 from Rs 6.80 lakh crore in FY21.</em></p>
<p style="text-align:justify"><em>NEW DELHI: </em>The Comptroller and Auditor General (CAG) of India have raised concern over increasing Central government debt as several indicators gauging the sustainability of debt have turned unfavourable since 2015-16. The CAG in a report tabled in parliament recently pointed out that some of the indicators like debt/GDP ratio, interest repayment to revenue receipts and interest rate spread became unfavourable during the five-year period from 2015-16 to 2019-20.</p>
<p style="text-align:justify">The Central government debt-to-GDP ratio in 2019-20 was 52.30% compared to 50.5% in 2015-16. The government was using 34% of the revenue earned in 2019-20 to pay interest on the debt. This was 32% in 2015-16. The report also pointed out that although the average interest cost declined from 6.91% in FY16 to 6.61% in FY20, the actual interest paid on debt consistently increased from Rs 4.57 lakh crore in FY16 to Rs 6.55 lakh crore in FY20 due to expanding overall debt.</p>
<p style="text-align:justify">Another area of concern pointed out by the CAG is that the interest spread, which is the difference between nominal GDP growth rate and average interest cost, turned negative in 2019-20. The CAG said the government must have in place a requisite plan to achieve the target set by the FRBM act to cap the Central government debt-to-GDP ratio of 40%.</p>
<p style="text-align:justify">Please <a href="https://www.newindianexpress.com/business/2022/aug/11/cag-raises-concerns-over-centresballooning-debt-interest-burden-2486422.html?fbclid=IwAR00nQ3AlVXz5svtMDyy7eJkB1aTJyj8t0Df7JlrQ9bTKPjC6MO6z1IL178">click here</a> to read more. </p>
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LATEST NEWS UPDATES | CAG raises concerns over Centre’s ballooning debt, interest burden </title>
<meta name="description" content="-The New Indian Express
Meanwhile, data released by the department of economic affairs in the Finance Ministry showed interest paid on debt has increased to Rs 8.05 lakh crore in FY22 from Rs 6.80 lakh crore in FY21.
NEW DELHI: The Comptroller..."/>
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<meta property="og:description" content="-The New Indian Express
Meanwhile, data released by the department of economic affairs in the Finance Ministry showed interest paid on debt has increased to Rs 8.05 lakh crore in FY22 from Rs 6.80 lakh crore in FY21.
NEW DELHI: The Comptroller..." />
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<a href="https://im4change.in/latest-news-updates/cag-raises-concerns-over-centre-s-ballooning-debt-interest-burden.html" target="_blank">CAG raises concerns over Centre’s ballooning debt, interest burden</a>
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<br><small>August 11, 2022</small>
<p style="padding-top: 6px;">-The New Indian Express
Meanwhile, data released by the department of economic affairs in the Finance Ministry showed interest paid on debt has increased to Rs 8.05 lakh crore in FY22 from Rs 6.80 lakh crore in FY21.
NEW DELHI: The Comptroller and Auditor General (CAG) of...</p>
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<br><small>August 11, 2022</small>
<p style="padding-top: 6px;">-TheWire.in
Reports had emerged earlier on Wednesday that a local ration depot licence holder was withholding rations from card holders who did not buy a Rs 20 national flag from the depot.
New Delhi: A ration distributor in Haryana’s Karnal district had his licence suspended on Wednesday,...</p>
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<p style="padding-top: 6px;">-PTI/ The Telegraph
The idea to de-recognise political parties for making promises to give irrational freebies during the polls undemocratic, says Chief Justice Ramana
Observing that freebies and social welfare schemes are two different things, the Supreme Court on Thursday said a balance has to be struck...</p>
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<br><small>August 10, 2022</small>
<p style="padding-top: 6px;">-Down to Earth blog
Palm oil is water-intensive and requires large patches of land
India is the second-largest consumer of edible oil globally and its largest importer. While the government has taken several initiatives over the years to increase the domestic production of edible oils, its shortage...</p>
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<br><small>August 10, 2022</small>
<p style="padding-top: 6px;">-The Telegraph
Jail and racetrack on beach bully list
New Delhi: An audit has identified dozens of public and private projects that have breached India’s coastal regulations — beach resorts, ports, roads, a racetrack, and even a jail near an Olive Ridley turtle nesting site.
The exercise by...</p>
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<br><small>August 11, 2022</small>
<p style="padding-top: 6px;">-The New Indian Express
Meanwhile, data released by the department of economic affairs in the Finance Ministry showed interest paid on debt has increased to Rs 8.05 lakh crore in FY22 from Rs 6.80 lakh crore in FY21.
NEW DELHI: The Comptroller and Auditor General (CAG) of...</p>
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<br><small>August 11, 2022</small>
<p style="padding-top: 6px;">-TheWire.in
Reports had emerged earlier on Wednesday that a local ration depot licence holder was withholding rations from card holders who did not buy a Rs 20 national flag from the depot.
New Delhi: A ration distributor in Haryana’s Karnal district had his licence suspended on Wednesday,...</p>
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<p style="padding-top: 6px;">-PTI/ The Telegraph
The idea to de-recognise political parties for making promises to give irrational freebies during the polls undemocratic, says Chief Justice Ramana
Observing that freebies and social welfare schemes are two different things, the Supreme Court on Thursday said a balance has to be struck...</p>
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<br><small>August 10, 2022</small>
<p style="padding-top: 6px;">-Down to Earth blog
Palm oil is water-intensive and requires large patches of land
India is the second-largest consumer of edible oil globally and its largest importer. While the government has taken several initiatives over the years to increase the domestic production of edible oils, its shortage...</p>
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<br><small>August 10, 2022</small>
<p style="padding-top: 6px;">-The Telegraph
Jail and racetrack on beach bully list
New Delhi: An audit has identified dozens of public and private projects that have breached India’s coastal regulations — beach resorts, ports, roads, a racetrack, and even a jail near an Olive Ridley turtle nesting site.
The exercise by...</p>
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<br><small>August 11, 2022</small>
<p style="padding-top: 6px;">-The New Indian Express
Meanwhile, data released by the department of economic affairs in the Finance Ministry showed interest paid on debt has increased to Rs 8.05 lakh crore in FY22 from Rs 6.80 lakh crore in FY21.
NEW DELHI: The Comptroller and Auditor General (CAG) of...</p>
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<br><small>August 11, 2022</small>
<p style="padding-top: 6px;">-TheWire.in
Reports had emerged earlier on Wednesday that a local ration depot licence holder was withholding rations from card holders who did not buy a Rs 20 national flag from the depot.
New Delhi: A ration distributor in Haryana’s Karnal district had his licence suspended on Wednesday,...</p>
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The idea to de-recognise political parties for making promises to give irrational freebies during the polls undemocratic, says Chief Justice Ramana
Observing that freebies and social welfare schemes are two different things, the Supreme Court on Thursday said a balance has to be struck...</p>
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<br><small>August 10, 2022</small>
<p style="padding-top: 6px;">-Down to Earth blog
Palm oil is water-intensive and requires large patches of land
India is the second-largest consumer of edible oil globally and its largest importer. While the government has taken several initiatives over the years to increase the domestic production of edible oils, its shortage...</p>
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<br><small>August 10, 2022</small>
<p style="padding-top: 6px;">-The Telegraph
Jail and racetrack on beach bully list
New Delhi: An audit has identified dozens of public and private projects that have breached India’s coastal regulations — beach resorts, ports, roads, a racetrack, and even a jail near an Olive Ridley turtle nesting site.
The exercise by...</p>
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Meanwhile, data released by the department of economic affairs in the Finance Ministry showed interest paid on debt has increased to Rs 8.05 lakh crore in FY22 from Rs 6.80 lakh crore in FY21.
NEW DELHI: The Comptroller and Auditor General (CAG) of...
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Reports had emerged earlier on Wednesday that a local ration depot licence holder was withholding rations from card holders who did not buy a Rs 20 national flag from the depot.
New Delhi: A ration distributor in Haryana’s Karnal district had his licence suspended on Wednesday,...
-PTI/ The Telegraph
The idea to de-recognise political parties for making promises to give irrational freebies during the polls undemocratic, says Chief Justice Ramana
Observing that freebies and social welfare schemes are two different things, the Supreme Court on Thursday said a balance has to be struck...
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Palm oil is water-intensive and requires large patches of land
India is the second-largest consumer of edible oil globally and its largest importer. While the government has taken several initiatives over the years to increase the domestic production of edible oils, its shortage...
-The Telegraph
Jail and racetrack on beach bully list
New Delhi: An audit has identified dozens of public and private projects that have breached India’s coastal regulations — beach resorts, ports, roads, a racetrack, and even a jail near an Olive Ridley turtle nesting site.
The exercise by...
