Modi govt taps household savings to tackle $346 billion debt load: Report
Mar 26, 2025, at 07:30 pm
New Delhi: Prime Minister Narendra Modi's administration is facing a record ₹29.7 trillion ($346 billion) in maturing sovereign bonds over the next five years, a legacy of pandemic-era borrowing and infrastructure spending. To manage this burden, the Reserve Bank of India (RBI) and the government are swapping maturing debt with longer-term securities, Bloomberg reported.
LIC eyes stake in health insurer, seeks long-term bonds from RBI: Report
Mar 18, 2025, at 05:06 pm
Mumbai: State-owned Life Insurance Corporation of India (LIC) is expected to announce the acquisition of a stake in a standalone health insurance company by the end of the current financial year (FY25), LIC’s Managing Director and CEO Siddhartha Mohanty said on Tuesday, Business Standard reported.