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Steps to Reduce External Debt December 02, 2011 India’s external debt stock stood at US$ 316.9 billion at end-June 2011.
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....teps to Reduce External Debt December 02, 2011 India’s external debt stock stood at US$ 316.9 billion at end-June 2011. <br>News and Press Release<br>Dated:- 2-12-2011<br><BR>Press Information Burea....
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....u Government of India Ministry of Finance 02-December-2011 18:10 IST The increase in external debt to US$ 316.9 billion at end-June 2011 from US$ 306.5 billion at end-March 2011 was largely on acc....
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....ount of rise in commercial borrowings and short-term trade credits. Out of the total external debt of US$ 316.9 billion, long term external debt stood at US$ 248.4 billion while short term external de....
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....bt accounted for US$ 68.5 billion. The prudent external debt management policy followed by the Government of India emphasizes monitoring of long and short term debt, raising sovereign loans on conces....
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....sional terms with long maturities, regulating external commercial borrowings through end-use and all-in-cost restrictions and rationalizing interest rates on Non-Resident India (NRI) Deposits. As a re....
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....sult, the external debt on GDP ratio has declined from 21.1 per cent in 2001-02 and to 17.3 per cent in 2010-11 This information was given by the Minister of State for Finance, Shri Namo Narain Meena....
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.... in written reply to an Unstarred Question in Lok Sabha today. DSM/Hb<BR> News - Press release - PIB....