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Ukraine Crisis: Inflation, Interest Rates Likely To Increase Debt By Rs 60 Thousand Crore, Says Report

Gunjan ChaudharyApril 26, 20220

The size of risky loans is expected to increase by Rs 60,000 crore in the current financial year due to factors such as high inflation due to the Russia-Ukraine war, the rating agency India Ratings gave this warning in a report on Monday. According to the report, due to these problems facing the economy, by the end of the financial year 2022-23, the amount of risky debt will be Rs 6.9 lakh crore. Had the Russia-Ukraine war not broken out, the debt-to-risk ratio in the current financial year would have remained at Rs 6.3 lakh crore. By risky debt, the rating agency means more than five times the debt taken by the rating agency keeping in view the operating profit of the companies. The rating agency has given this estimate on the basis of an analysis of 1,385 companies. In such...

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Ukraine Crisis Impact: Petrol, Diesel Prices Likely To Shoot Up By Rs 15 to 20

Aditi priya singhMarch 7, 20220

The common man may have to bear the brunt of the inflation regarding petrol and diesel. Due to the enmity between Russia and Ukraine, it is affecting the economic condition of India including the whole world. From edible oil to crude oil, smartphones and many electronic gadgets have become expensive. With continued demand for oils disrupted due to war, global crude oil prices are expected to remain in the range of $95 to $125 a barrel in the short term. Consequently, the domestic prices of petrol and diesel in India are expected to rise by Rs 15-22 per litre due to the global rise in crude oil prices due to the geopolitical crisis. However, a cut in excise duty may reduce the impact on petrol and diesel prices to some extent, but not completely. India currently imports 85% of its...