Search For "debt"
Govt. offers relief to Air India, spares Rs 29,000 crore of its debt
Updated : 7 years, 3 months ago IST
New Delhi [India], Nov 29 (ANI): In a major relief to Air India, the Central Government on Thursday decided to transfer Rs 29,000 crore of the Rs 55,000 crore owed by the national carrier to a special purpose vehicle (SPV).
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Maldives seeks India's assistance to pay off Chinese debt
Updated : 7 years, 3 months ago IST
New Delhi [India], Nov 28 (ANI/Sputnik): Faced with an acute budgetary deficit due to mounting foreign debts, the new government in the Maldives, led by President Abdulla Solih, is looking to India for financial support to help the island nation achieve its development goals. It has announce
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Centre working on the revival of Air India: Jayant Sinha
Updated : 7 years, 4 months ago IST
New Delhi (India), November 20 (ANI): The Minister of State for Civil Aviation, Jayant Sinha on Tuesday said that the government's disinvestment plan in Air India has been put aside for time being as it is working on the revival of the debt-ridden enterprise.
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'Last time Pak has approached IMF'
Updated : 7 years, 5 months ago IST
Karachi [Pakistan], Oct 21 (ANI): Pakistan's Finance Minister Asad Umar said that Islamabad has approached the International Monetary Fund (IMF) for one last time for a bailout, in a bid to stabilise the country's debt-ridden economy.
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Congress accuses Centre of compromising ONGC's interests
Updated : 7 years, 5 months ago IST
New Delhi [India], Oct 16 (ANI): Congress spokesperson Manish Tewari on Tuesday made serious allegations against the Central government for interfering in the working of Oil and Natural Gas Corporation (ONGC) and converting it into a debt-ridden entity.
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US blames China for economic woes in Pakistan
Updated : 7 years, 5 months ago IST
Washington DC [USA], Oct 12 (ANI): The United States on Friday held China responsible for economic challenges being faced by Pakistan and said that it would review the Pakistan government's bailout plea from all angles including the position of debt in the country.
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Air India on its way to become globally competitive airline: Jayant Sinha
Updated : 7 years, 5 months ago IST
Kolkata (West Bengal) [India], Oct 2 (ANI): Minister of State for Civil Aviation Jayant Sinha on Monday said that the government's revival package for debt-ridden Air India is in final stages to make it a "strong, vibrant and globally competitive airline."
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'IL&FS raised loans to pay dividends to govt, shareholders'
Updated : 7 years, 5 months ago IST
New Delhi [India], Oct 1 (ANI): Government sources on Monday said that debt-ridden Infrastructure Leasing & Financial Services Limited (IL&FS) raised loans to pay dividends to the government and shareholders, adding that the Board of the company was kept in the dark regarding the
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Write-offs don't lead to waivers, claims Jaitley
Updated : 7 years, 5 months ago IST
New Delhi [India], Oct 1 (ANI): Hours after Congress president Rahul Gandhi targeted the government for waiving off debts of "crony capitalists", Finance Minister Arun Jaitley in his blog post on Monday stated that write-offs by banks are not counted as loan waivers and are done as per the R
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NCLT permits Centre to supersede IL&FS Board
Updated : 7 years, 5 months ago IST
New Delhi [India], Oct 1 (ANI): The National Company Law Tribunal (NCLT) on Monday granted permission to the government for superseding debt-ridden Infrastructure Leasing & Financial Services Limited's (IL&FS) Board.
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Does ILFS mean I Love Financial Scams: Rahul asks PM Modi
Updated : 7 years, 5 months ago IST
New Delhi [India], Sep 30 (ANI): Congress president Rahul Gandhi on Sunday launched a scathing attack on Prime Minister Narendra Modi, alleging that the latter was bailing out the debt-ridden Infrastructure Leasing and Financial Services (IL&FS) using funds from the State Bank of India (SBI)
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Licious raises Rs. 12 crores in venture debt from InnoVen Capital
Updated : 7 years, 6 months ago IST
New Delhi [India], Sep 27 (ANI): InnoVen Capital on Thursday announced making a debt investment in Licious with an investment worth Rs. 12 crores.
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