Between 2015-2018, India Paid Around Rs 400 Crore As Commitment Charges

Answering to a question in the parliament, Pon Radhakrishnan, the Minister of State in the Ministry of Finance, revealed that between the financial year 2015-2018, India paid Rs 396.775 crore as Commitment Charges to the...

Read more February 22, 2019 at 6:37 pm Ankit Agrawal

India paid over 600 crores between 2009-2015 to the IFIs for not using their loans

Every year, India pays an enormous amount of money as commitment charges to the multilateral institutions for not utilising the loans sanctioned by them. Investopedia defines commitment charges as the fee charged by the lender...

Read more August 3, 2017 at 9:09 pm Maju Varghese