Thursday, December 19

Tag: government spending

Green shoots visible on corporate lending side: Kotak Mahindra Bank director Shanti Ekambaram
24Dec By adminNo Comments
Business

Green shoots visible on corporate lending side: Kotak Mahindra Bank director Shanti Ekambaram

NEW DELHI: Green shoots are beginning to become visible as far as investment cycle is concerned led by government spending in the infrastructure sector, Kotak Mahindra Bank whole-time director Shanti Ekambaram said. "I think the last 18 months have been very good on the consumer credit side but you are beginning to see green shoots even in the investment cycle," she told PTI. The government focus on infrastructure development in the last three years has created space for capital expenditure by the private sector as well. "I think it is moving from infrastructure led by government spending to capex although in a small way but I think that is going to build up," she said. Asked about RBI's tightening norms for unsecured consumer credit, she said, whenever the regulator perceives excess, ...
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Germany Gets Honest About What Net Zero Will Cost
3Dec By adminNo Comments
Health

Germany Gets Honest About What Net Zero Will Cost

If you had “net zero causing Germany’s government to collapse” on your 2023 bingo card, congratulations—you may end up a winner. Chancellor Olaf Scholz’s administration is falling apart because it turns out someone will have to pay for decarbonizing the eurozone’s largest economy.This shocking and horrifying revelation is brought to you by Germany’s highest constitutional court, which ruled in mid-November that Berlin’s favorite budget gimmick violates the balanced-budget amendment. The amendment, known as the debt brake, limits the federal general-budget deficit to 0.35% of gross domestic product in any year unless Parliament declares an emergency.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Why Democrats Should Care About the National Debt
7Nov By adminNo Comments
Health

Why Democrats Should Care About the National Debt

After his election as House speaker, Mike Johnson said one of his top priorities was the creation of a bipartisan commission to tackle the national debt. It’s a good idea that nearly 70% of voters in both parties support. In September, Reps. Scott Peters (D., Calif.) and Bill Huizenga (R., Mich.) introduced the Fiscal Commission Act of 2023, and 198 House Republicans voted for it as part of a government funding bill. Here’s why Democratic congressional leaders and the Biden administration should join the push:• Deficits are undermining the Biden economy. In the past year, the real federal budget deficit more than doubled, from $933 billion to $2 trillion. Democrats rightly argued that spending borrowed money was a critical economic support during the Covid pandemic. But the unemployment r...
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