If a government defaults on the value of its debt by 3/4, this is the same as imposing a ____ tax on interest and repayment of the principal.
I borrow 100 euros from you and promise to pay you back next year the principal and 10%. That means I owe you 110 euros next year. I now unilaterally declare that I will only honour 25 euros of debt to you. Next period I pay you 27.5 euros [25 + 1/4(10)]. That is the same amount as though announcing to you next period that I would tax your 110 euros 75% (i.e., you keep only .25*110=27.5)
Which of the following is a new sector for Foreign Direct Investment (FDI) as per the recent amendments in the Foreign Exchange Management Rules, 2019?
With reference to the National Infrastructure Pipeline (NIP), consider the following statements:
1. NIP dashboard would allow monitoring...
Consider the following statements about Allied Climate Partners (ACP):
1. At COP28, ACP joined International Finance Corporation in a climate fin...
JIMEX Maritime Exercise 2023 was organized between the Navy of India and which country?
The Insurance Regulatory and Development Authority of India (IRDAI) has increased the limit on losses for the appointment of Surveyors and Loss Assessor...
What is the primary objective of the Memorandum of Understanding (MoU) signed between Directorate General Resettlement (DGR) and M/s Genpact India Priva...
Jal Marg Vikas Project is being implemented to explore riverine transport for commercial use, this project is being financed by GoI and ______?
NASA recently awarded an $843 million contract to construct a spacecraft aimed at safely deorbiting the International Space Station (ISS) by around 2030...
What is the primary objective of the comprehensive testing of the Cell Broadcast Alert System conducted by the Department of Telecommunications (DOT) in...
What was the highest level of India’s crude oil imports from Russia in June 2024 since July 2023?