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In 2022-23, the net financial assets of Indian households stood at 5.1% of GDP, the lowest in at least 23 years. The previous low was in FY15, at 7.1%, according to a September 2022 Motilal Oswal report.
A report by the think tank 'Centre for Social and Economic Progress' highlights India's problem of off-budget borrowings at both the Union and state levels. The report reveals that South Indian states have the highest off-budget liabilities, with Telangana being the highest borrower. The report also points out that off-budget liabilities significantly increase the debt-to-GSDP ratio of states.
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT), while remanding the matter back to the department, held that the interest paid on borrowings is allowable against FD income if any...
THE national government's gross borrowings rose in the first half, Bureau of the Treasury data showed, surging by 32.9 percent to P1.42 trillion as of the end of June from P1.07 trillion a year earlier.
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'Significant doubt on the company’s ability to continue as a going concern': BDO warning