Terms
‘Policy Paralysis’ is
the new exhortation echoing in the news media.
The
references soared as the rupee plunged to a record low of 57.32 against the dollar
on June 22, 2012
External Commercial Borrowings
External Commercial Borrowings (ECB) denote commercial loans in the form of
bank loans, buyers’ credit, suppliers’ credit, securitized instruments (e.g.
floating rate notes and fixed rate bonds) obtained from non-resident lenders
with minimum average maturity of three years.
Govt bonds or Govt securities
These are the bonds issued by the Govt of a country in its own currency.
The bond assists the government to generate money which is used to support
various programmes and activities like constructing roads, hospitals,
infrastructure etc.Hence, the govt bonds are a sort of loan against which the
govt of a country gets a certain amount of money, for a definite amount of
time, on a definite interest rate.
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