Thursday, December 07, 2023
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  • As close friends and maritime neighbours, both India and

    'India's $900 million aid helped prevent immediate economic crisis': Sri Lanka's top economist

    World | January 15, 2022 23:31 IST

    On Thursday, India announced a USD 900 million loan to Sri Lanka to build up its depleted foreign reserves and for food imports, amid a shortage of almost all essential commodities in the island nation. The Indian High Commissioner to Sri Lanka Gopal Baglay met the Central Bank Governor Ajith Nivard Cabraal and “expressed India’s strong support to Sri Lanka in the wake of RBI extending over USD 900 million facilities over the last week”.

  • Centre seeks NCLT nod to overtake management of crisis-hit IL&FS, hearing underway

    Centre seeks NCLT nod to overtake management of crisis-hit IL&FS, hearing underway

    Business | October 01, 2018 12:43 IST

    Debt defaults by certain group entities of diversified IL&FS have triggered fears of liquidity crisis in the financial markets and the RBI has been taking steps to improve the overall cash situation.

  • File photo of Rahul Gandhi

    Rahul Gandhi coins new acronym for IL&FS, accuses PM Modi of using people's money to bailout group

    Politics | October 01, 2018 7:39 IST

    The tweet in Hindi titled "Lights, Camera, Scam", alleges that in 2007 when Modi was the Gujarat Chief minister, IL&FS was given the 'GIFT CITY' project worth Rs 70,000 crore. Till date no work has been achieved under the plan.

  • Euro finance ministers seek to conclude Greek bailout saga

    Eurozone nations end Greece's 8-year bailout saga

    World | June 22, 2018 15:51 IST

    The agreement will end the eight-year debt-relief program for Greece, in which the country received 300 billion euros in three financial assistance programs as agreed in 2010, 2011 and 2015 in exchange for structural reforms and fiscal adjustments.

  • greek pm alexis tsipras set to resign elections set for

    Greek PM Alexis Tsipras set to resign, elections set for Sept 20

    World | August 20, 2015 22:55 IST

    Athens, Greece: Greece's Prime Minister Alexis Tsipras will call early elections for next month, government officials said Thursday, as he tackles a rebellion by hardliners within his governing left-wing party who oppose the terms of

  • greek bailout talks shift into higher gear

    Greek bailout talks shift into higher gear

    World | July 31, 2015 19:12 IST

    Athens:  Greece's talks with its international creditors on a third bailout worth 85 billion euros (USD 93 billion) shifted into a higher gear today, with lead negotiators from the European Union and International Monetary Fund

  • greece gets relief from creditors after first austerity test

    Greece gets relief from creditors after first austerity test

    World | July 16, 2015 23:13 IST

    Athens, Greece :  Greece got a triple dose of good news on Thursday, when creditors agreed to open talks on a third bailout package, to give the country an interim loan to cover its debts,

  • greece to miss imf debt payment and bailout to expire

    Greece to miss IMF debt payment and bailout to expire

    World | June 30, 2015 20:28 IST

    Athens, Greece: Greece is set to become the first developed nation to not pay its debts to the International Monetary Fund on time, as the country sinks deeper into a financial emergency that has forced

  • pakistan seeks 11 billion bailout package from imf donors

    Pakistan seeks $ 11 billion bailout package from IMF, donors

    World | July 02, 2013 15:34 IST

    Islamabad, Jul 2:  Cash-strapped Pakistan today movedcloser to securing a massive USD 11 billion economic bailout package from international donor agencies including the IMF, to revive the ailing national economy, media reports said.After lengthy discussions

  • greek conservative head sworn in as pm

    Greek conservative head sworn in as PM

    World | June 20, 2012 22:25 IST

    Athens, Jun 20: Greek conservative party head Antonis Samaras was sworn in as prime minister today at the helm of a three-party coalition that will uphold the country's international bailout commitments.The move ends a protracted

  • greece gets second 130 billion euro financial bailout

    Greece Gets Second 130-Billion-Euro Financial Bailout

    World | March 15, 2012 10:50 IST

    Berlin, Mar 15: Euro zone finance ministers on Wednesday formally approved the second 130-billion-euro financial bailout for debt-laden Greece and ordered the release of the first instalment of 39.4 billion euros to avert a bankruptcy.They

  • k fisher struggles to stay afloat govt rules out bailout

    K'fisher Struggles To Stay Afloat, Govt Rules Out Bailout

    February 20, 2012 21:06 IST

    New Delhi, Feb 20: As beleaguered Kingfisher Airlines today struggled to stay afloat after further large-scale flight disruptions, Government today ruled out any bailout for the private carrier.“No, government is not going to have any