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A foreign currency denominated sovereign bond, issued in modest quantities would have a salutary effect on the external rating and pricing of the Indian sovereign credit risk, and a step in the right direction.
Maharashtra, among the most industrialised states, was ranked No 1 in FY16, but slipped to No 2 position the next fiscal to Gujarat, and continued on the trajectory, coming in at No 4 in FY18 and at the 9th slot in FY19.
In 2017-18, the Union government earned Rs 1,938 crore in excise duty on ATF, a jump of 27.5 per cent, from Rs 1,520 crore collected in 2016-17, he said in a written response to a question in the Lower House.