India’s inclusion in the JP Morgan GBI-EM Global Diversified Index will likely do to sovereign debt what economic liberalisation did to equity ownership in local businesses: Diversify debt holding beyond the traditional bailiwicks of local lenders, insurance companies and the central bank.
Govt seeks House nod for extra ₹51,463 cr spending
The Indian government has sought parliamentary approval for an additional net expenditure of ₹51,463 crore for the current fiscal year, on top of a previous