Minister says time of essence to reduce circular debt
Business
April 17, 2021
ISLAMABAD: The unaffordable cost of electricity generation, circular debt build-up and leakages in the transmission system made the power sector financially challenging, finance minister said on Friday.
The newly-appointed energy minister Hammad Azhar directed the officials to follow a structured approach for timely completion of envisaged reforms.
“Time is of essence for reduction in circular debt, upgradation in transmission and distribution infrastructure and improved service delivery in the power sector,” Azhar told a meeting to review progress on reforms in the power sector. “Facilitating the common man is the top priority for the government.”
Are floating-rate investment options a better bet?
Satya Sontanam
BL Research Bureau |
Updated on
April 17, 2021
Returns move up or down in sync with the market
A phone call between two friends leads to a conversation about the interest rates offered by various debt options and whether they stay fixed or vary during the tenure of the instrument.
Karthik: Hey, have you noticed that in the last couple of months the markets have rallied like there is no tomorrow?
Akhila: Oh, yeah. And after much thinking, I finally booked profits on some of my equity holdings last week.
Karthik: Where are you planning to park these funds now?
Who s paying for Europe s COVID-related debts?
Germany and the EU are taking on record levels of new debt to help stave off the economic impact of the COVID-19 pandemic. But despite the risk, the current situation can t be compared with the last EU financial crisis.
EU member states have been racking up massive debts to counter the financial fallout of the COVID-19 pandemic
Germany s Bundestag, the lower house of parliament, has presented a supplementary budget for 2021 which will push new borrowing this year to a record high of €240 billion ($287 billion). This bold step, said Finance Minister Olaf Scholz, is intended to cushion the economic impact of the coronavirus pandemic.
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