India's External Debt Rises By 12% To Over $529 Billion
Mumbai, June 29: India's total external debt for the quarter ended March 2018 rose on a year-on-year basis by over 12 per cent to $529.7 billion, official data showed on Friday.
According to the RBI, external debt rose to $529.7 billion from $471.3 billion reported for the corresponding period of 2017, on the back of an increase in commercial borrowings, short-term debt and non-resident Indian (NRI) deposits.
"At end-March 2018, India's external debt witnessed an increase of 12.4 per cent over its level at end-March 2017, primarily on account of an increase in commercial borrowings, short-term debt and NRI deposits," the RBI said in a statement on "India's External Debt as at the end of March 2018".
"The increase in the magnitude of external debt was partly due to valuation loss resulting from the depreciation of the US dollar against major currencies. The external debt to GDP ratio stood at 20.5 per cent at end-March 2018, higher than its level of 20 per cent at end-March 2017."
As per the statement, valuation loss worth $5.2 billion occurred due to depreciation of the US dollar vis-a-vis major currencies like Euro, SDR (special Drawing Right), Japanese Yen and Pound Sterling.
"Excluding the valuation effect, the increase in external debt would have been US$ 53.1 billion instead of $58.4 billion at end-March 2018 over end-March 2017," the statement said.
"Commercial borrowings continued to be the largest component of external debt with a share of 38.2 per cent, followed by NRI deposits (23.8 per cent) and short-term trade credit (19 per cent)."
Courtesy: www.ndtv.com
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Taj Mahal top earning ASI monument through ticket sales from FY19-20 to FY23-24: Govt
New Delhi, Apr 3 (PTI): The iconic Taj Mahal in Agra earned the "highest income" through the sale of tickets among the ASI-protected monuments from FY19-20 to FY23-24, according to data shared by the government.
Union Culture Minister Gajendra Singh Shekhawat shared the data in a written response to a query in Rajya Sabha.
He was asked the amount that the Archaeological Survey of India (ASI) has received from selling entry tickets to various monuments in the last five years, year-wise and monument-wise; and the monuments that have received the highest income through selling entry tickets in the last five years.
In his response, the minister shared the data in a tabular form for cycles of financial years ranging from FY19-20 to FY23-24.
According to the data, Taj Mahal earned the top slot for all five years.
The Mughal-era architectural wonder was commissioned by Emperor Shah Jehan in the 17th century and it is considered one of the most beautiful buildings in the world.
In FY19-20, the Agra Fort in Agra and Qutub Minar in Delhi were in the second and third positions.
In FY20-21, the Group of Monuments Mamallapuram in Tamil Nadu and Sun Temple, Konark were in the second and third positions. In FY23-24, Qutub Minar and Red Fort of Delhi were in the second and third positions.
