Archive | Debt

Public Debt before and after Independence in India

In this article we will discuss about public debt before and after independence in India. India’s Public Debt before Independence: The institution of Public debt was not known to ancient Indian rulers. Hindu and Mohammedan Kings sometimes borrowed money from their bankers either on their own credit or by pledging their crown jewels or by assigning specific revenues for the [...]

By Shivam N|2016-08-18T11:14:42+05:30June 10, 2016|Debt|Comments Off

Government Debt: Debates over Government Debt

Let us make an in-depth study of the debates over government debt. Introduction: When a government spends more than it collects in taxes, it borrows to finance the deficit. The accumulation of past borrowing is the government debt. All governments have some debt, although the amount varies from country to country. There may be budget surplus and deficit. If a [...]

By Pooja Mehta|2015-09-07T17:01:26+05:30September 2, 2015|Debt|Comments Off

This website uses cookies and third party services. OK