Debt
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India extends duration of USD 400 mn currency swap facility with Sri Lanka
World | April 22, 2022 17:15 ISTThis was the first extension of an international debt instrument to Sri Lanka after the government led by President Gotabaya Rajapaksa on April 12 temporarily suspended debt servicing.
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Russia-Ukraine war: Moscow makes debt payment in rubles, move that could result in historic default
World | April 07, 2022 23:27 ISTThe Ministry of Finance said in a statement that it tried to make a $649 million payment toward two bonds to an unnamed U.S. bank — previously reported as JPMorgan Chase — but that payment was not accepted because new U.S. sanctions prohibit Russia from using U.S. banks to pay its debts.
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US debt default could trigger another recession: Reports
World | October 05, 2021 18:15 ISTAs per reports, Treasury Secretary Janet Yellen believes the economy may fall into a recession if Congress fails to address the borrowing limit before an unprecedented default on the U.S. debt.
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GST paid on bad debtors must be reversed: DACAAI
Business | June 10, 2020 9:33 ISTGST paid on invoices which have become bad debts must be paid back, Domestic Air Cargo Agents Association of India (DACAAI) said on Tuesday.At present, under the GST law agents have to up front pay 18 per cent GST on the invoices.
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IL&FS seeks extension of bid validity for 5 road projects facing Rs 10,500-cr debt
Business | March 08, 2020 14:15 ISTBeing steered by a government-appointed and eminent banker Uday Kotak-led board on its path to recovery, crisis-hit IL&FS has sought extension of bid validity for five road projects that are faced with debts totalling over Rs 10,000 crore.
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Budget 2020: Debt increased by 71% in 5 years, address it on Feb 1, Congress tells govt
India | January 29, 2020 17:06 ISTCongress spokesperson Gourav Vallabh has hit out at the government saying, "In the last 5.5 years, the country's debt has shown an increasing trend in terms of absolute amount. In March 2014, the total debt was Rs 53.11 lakh crore, whereas in September 2019 the same has increased to Rs 91.01 lakh crore."
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Banks allowed to utilise Vijay Mallya's movable assets to clear debt
Business | January 01, 2020 14:45 ISTA special court here has permitted a consortium of 15 banks led by the State Bank of India (SBI) to utilise movable assets of former liquor baron Vijay Mallya towards repayment of his debt.
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Debt MFs see Rs 5k-cr outflow in Sep qtr on high pullout from liquid, credit risk funds
Business | December 01, 2019 14:31 ISTAccording to Association of Mutual Funds in India (Amfi), mutual funds that invest in fixed-income securities saw an outflow to the tune of Rs 5,061 crore in the three months ended September 30, 2019 compared with an inflow of Rs 19,691 crore in the previous quarter.
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Power dept official falls off pole, dies in Srinagar
India | November 07, 2019 15:56 ISTManzoor Ahmad, an inspector in the PDD, fell off a pole and died on the spot, the officials said.
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US debt exceeds $23 trillion for first time in history
Business | November 02, 2019 12:43 ISTAccording to The Hill news, the national debt has grown by about 16 per cent since President Donald Trump came to power in January 2017 when it stood at $19.9 trillion. The US debt exceeded $22 trillion for the first time 10 months ago.
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Air India Assets Holding raises another Rs 7,985 crore
Business | October 17, 2019 16:25 ISTRaising funds for the third time in little over a month, Air India Assets Holding Ltd (AIAHL) on Thursday raised Rs 7,985 crore through a bond sale, which was oversubscribed. A special purpose vehicle of Air India, AIAHL has mopped up a total of Rs 21,985 crore by way of bond issues since September 16 and the proceeds would be utilised to repay a debt of the national carrier.
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Goldman Sachs sacks India V-P for Rs 38 cr fraud
India | September 10, 2019 23:29 IST"The employee (Jhunjunwala) has been immediately dismissed. We are also engaged with the authorities (police) to activate criminal proceedings," the company told IANS in an e-mail.
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Goldman Sachs VP deceives juniors, swindles firm of Rs 38 Crore to pay off poker debt
India | September 10, 2019 18:16 ISTAshwani Jhunjhunwala, the firm's vice president, has been arrested and will be produced in court, deputy commissioner of police of Whitefield M N Anucheth told PTI.
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Lenders of troubled DHFL to meet on Monday
Business | June 30, 2019 17:30 ISTThe consortium of 30 lenders led by state-run Union Bank of India, which includes banks and other financial institutions, may also consider the conversion of debt into equity that can make them the largest shareholder in the mortgage lender, sources said over the weekend.
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Debt of Air India runs into crores. Here's the total amount
Business | June 26, 2019 21:36 ISTLast year, the Centre had invited Expression of Interest for strategic disinvestment of Air India, including its shareholding in Air India Express and Air India Air Transport Services Limited. However, it did not receive any bid till the last date on May 31, 2018.
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Anil Ambani claims to have repaid Rs 25,000 crore in past 14 months
Business | June 11, 2019 14:01 ISTIn a conference call with media, he said the Rs 35,000 crore debt repayment includes debt servicing by Reliance Capital, Reliance Power and Reliance Infra and their respective affiliates.
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With CPEC and other projects China slowly dominating over debt ridden Pak
News | November 15, 2018 23:08 ISTWith CPEC and other projects China slowly dominating over debt ridden Pak
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Amidst fears of growing debt load, China proposes equity financing to tackle crisis
Business | May 21, 2018 9:58 ISTIn a move to tackle the surging debt, a top official with China's stock market regulator has proposed equity financing to reduce their dependence on debt.
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Rs. 9.7L cr bad loans: RBI to expand oversight committee in new action plan to wipe out menace
May 23, 2017 14:19 ISTTwo weeks after amendments were brought to the Banking Regulation Act 1949 , the Reserve Bank of India (RBI) on Monday outlined the broad contours of an action-plan to resolve the Rs. 9.7 lakh crore bad debt
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As bad debts mount, IDBI Bank’s Q4 loss widens to Rs 3200 cr
May 18, 2017 18:26 ISTAfter many public sector banks making headlines over their falling financials, IDBI bank on Thursday reported its standalone net loss at Rs 3,199.76 crore
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Rs 2.5 lakh for Japan trip, Rs 90,000 for Goa? Woman's post on expensive school trips goes viral
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American couple reveals they spent Rs 10 lakh in 30 days in India: 'We were also surprised'
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'Not all 92-year-olds want khichdi': Grandmother enjoys pizza and cold drink in adorable video
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'You have to take some munchies with it': IndiGo flyer says she was denied 'just coffee' on flight
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Doctor stunned after Rajasthan woman reveals she is pregnant with sixth child at 22