Banks reviewing Adani exposure, SBI says no devolvement worry Subject : Economy Section: Money market Concept : According to a report by investment firm CLSA, the top-five Adani Group companies – Adani Enterprises, Adani Ports, Adani Power, Adani Green and Adani Transmission – have a consolidated debt of Rs 2.1 lakh crore. According […]
Budget may see higher allocation for repayment of G-Secs, oil bonds Subject : Economy Section: Fiscal policy Concept : Union Budget for FY24 will see the beginning of the requirement for a higher amount towards repayment of government securities till FY32. Still, the expectation is that the gross borrowing might not see a […]
Currency swap Subject: Economy Section: External Sector A currency swap between two countries is an agreement or contract to exchange currencies (of the two countries or any hard currency) with predetermined terms and conditions. Often the popular form of currency swap is between two central banks. The main purpose of currency swaps is to avoid turbulence and […]