Payment Liablity

The government's total liabilities rose to Rs 150.95 lakh crore in December quarter from Rs 147.19 lakh crore in the three months ended September 2022, according to the latest public debt management report. The increase reflects a quarter-on-quarter increase of 2.6 per cent in October-December 2022-23. In absolute terms, the total liabilities, including liabilities under the 'Public Account' of the government, jumped to Rs 1,50,95,970.8 crore at the end of December 2022. As of September 30, the total liabilities stood at Rs 1,47,19,572.2 crore. The report released by the finance ministry on Saturday said public debt accounted for 89 per cent of the total outstanding liabilities in December quarter, compared to 89.1 per cent at the end of September. Nearly 28.29 per cent of the outstanding dated securities had a residual maturity of less than 5 years. During Q3 of FY23, it said, the Centre raised an amount worth Rs 3,51,000 crore through dated securities, as against notified amoun

Understand all the attendant costs of this facility; delayed repayment will hit your credit score

The RBI said that in cases where an additional escrow account is being maintained, credit and debit from one escrow account to the other shall also be permitted.

The partners argued since the firm's assets were enough to repay, they should not be held liable