debt
- World
Sri Lanka’s debt restructuring likely to be complete by September: IMF
Colombo: The IMF has expressed hope that Sri Lanka’s debt restructuring process would be completed by September, which is also the time for the global lender’s formal review of the bailout facility…
- Business
Adani Group prepays debt worth Rs 7,374 crore
Chennai: The Adani Group on Tuesday said debts, backed by the shares of listed companies, have been prepaid to the tune of Rs 7,374 crore (approx $902 million). The embattled group said…
- India
Every Indian citizen is burdened with Rs 1.16 lakh debt
Hyderabad: Every citizen of the country has a debt of Rs 1.16 lakh. You will wonder how this is possible, but this is true. The central government has so far availed a…
- Middle East
Turkish govt proposes bill to ease debt burden of citizens
Ankara: The Turkish government will introduce a draft bill to ease the debt burden of millions of its citizens, Finance Minister Nureddin Nebati announced. The bill will exempt the penalties for tax…
- India
Debt per Indian increased by 2.53 times in 9 years of Modi govt: Congress
New Delhi: The Congress alleged on Sunday that debt, unemployment and inequality have risen in the country under the Narendra Modi government and the debt on every Indian has increased by 2.53…
- Business
US could default on its debt as soon as June
Washington: The US Treasury Department said the country could default on its debt as soon as June. The US will reach the debt limit on January 19 on January 19 and then…
- Business
CarDekho to infuse $100 mn in its fintech subsidiary Rupyy
New Delhi: IPO-Bound car search platform CarDekho Group on Monday said it aims to infuse $100 million in its Fintech entity called Rupyy in a mix of debt and equity. Rupyy crossed…
- India
India’s debt ratio projected to be 84 per cent of its GDP: IMF
Washington: India’s debt ratio is projected to be 84 per cent of its GDP by the end of 2022, which is higher than many emerging economies, but its debt is a little…
- World
Germany’s public debt rises again
Berlin: Germany’s public debt increased by 25 billion euros ($24 billion) in the second quarter (Q2) of 2022 to 2.34 trillion euros, the Federal Statistical Office (Destatis) has said. While government debt…
- Telangana
Telangana’s debt at Rs 5 lakh crore, KCR blackmailing Centre: Kishan Reddy
Hyderabad: Telangana has plunged into Rs 5 lakh crore debt and the state government is failing to make regular expenditure for various schemes and departments, Union Tourism Minister G Kishan Reddy alleged…
- World
Sri Lanka present economic woes, debt structuring plans to creditors
Colombo: Sri Lanka will on Friday present its economic woes, debt restructuring plans and a deal that it struck with the International Monetary Fund (IMF) to external creditors in an attempt to…
- Andhra Pradesh
Borrowings make AP’s debt sustainability suspect: CAG
Amaravati: The Andhra Pradesh government’s debt sustainability is suspect as a predominant part of borrowed funds is utilised for interest payments, thereby curtailing the scope for productive expenditure, the Comptroller and Auditor General…
- World
India emerges as Sri Lanka’s top lender in 2022: Verite Research think-tank
Colombo: India has emerged as the top lender to Sri Lanka in 2022, disbursing USD 377 million in loans to the island nation as it grappled with an unprecedented political crisis and…
- Business
India’s external debt rose 8.2% in 2021-22 to $620 billion
New Delhi: India’s external debt rose by 8.2 per cent to stand at $620.7 billion on March 31, 2022, compared to $573.7 billon on March 31, 2021. Out of this, 53.2 per…
- World
US to participate in Sri Lanka’s debt restructuring
Colombo: The US has agreed to cooperate with Sri Lanka’s debt restructuring as prescribed by the IMF in its staff-level agreement for a USD 2.9 billion bailout package to help revive the…