Financial Crisis / Gujarat Govt's Treasury Empty
A financial crisis is any of a broad variety of situations in which some financial assets suddenly lose a large part of their nominal value. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and many recessions coincided with these panics. Other situations that are often called financial crises include stock market crashes and the bursting of other financial bubbles, currency crises, and sovereign defaults.Financial crises directly result in a loss of paper wealth but do not necessarily result in significant changes in the real economy (e.g. the crisis resulting from the famous tulip mania bubble in the 17th century).Many economists have offered theories about how financial crises develop and how they could be prevented. There is no consensus, however, and financial crises continue to occur from time to time.A knock-on effect of the emergency restrictions on India’s financial markets has been the drying up of volumes and a spike in volatility. For instance, no bonds were bought or sold in the first half hour of the session on March 24, and it took more than 10 minutes for the first deal to cross the trading platform on Monday. The turnover averaged 353 billion rupees last week, versus the daily average 433 billion rupees so far this year.Remote working hardships are becoming common as glob ..
Still, the government expects “substantial demand,” Economic Affairs Secretary Atanu Chakraborty told reporters in New Delhi. The plan seeks to raise 62.5% of the record 7.8 trillion rupees.
The auctions, which start April 10, come as investors globally expect a surge in supply this year to fund stimulus plans. Germany, France, Spain and Italy are due to auction debt totaling 25 billion euros ($28 billion) during March 30-Ap ..
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