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UNSUSTAINABLE DEBT BURDENS
U.S. Treasury to borrow $2 trillion in 2026 as national debt nears $39 trillion — is America quietly entering a dangerous fiscal crisis beyond Washington’s control?U.S. Treasury is set to borrow over $2 trillion in fiscal year 2026, a federal deficit exceeding 6% of GDP. The Office of Management and Bu...
Noida workers’ unrest: A story of hidden inflation and its impactNoida factory workers protest: Years of rising costs have diminished buying power, creating widespread discontent among many. Wage growth l...
Life on Rs 11,000 a month in Noida: How workers survive on minimal salaries amid rising LPG prices and high rentIn Noida’s industrial belt, thousands of factory workers are struggling to survive on monthly wages of around Rs 11,000–Rs 14,000, pushing ...
Pakistan debt unsustainable, headed towards inevitable default, says reportPakistan's debt crisis is more severe than anticipated, with the possibility of an inevitable default and a devastating economic spiral. Th...
COVID debt restructuring push not advanced enough, IMF chief cautionsSpeaking on webcast, the IMF's managing director said some progress was being made in Chad, which along with Ethiopia and Zambia has become...
IMF chief Kristalina Georgieva says 'much more decisive' action needed to deal with debt problemsThe head of the International Monetary Fund on Sunday called for significant steps to address the increasingly unsustainable debt burdens o...
US urges Pakistanis to pose tough questions to China on CPECThe China Pakistan Economic Corridor (CPEC) is a planned network of roads, railways and energy projects linking China's resource-rich Xinji...
Government committed to disinvestment of Air India: Hardeep Singh PuriPuri said the previous attempt to disinvest the carrier could not succeed. But now the government has learnt lessons and mechanism will ens...
Air India grappling with unsustainable debt: Aviation Minister Suresh PrabhuAir India is estimated to have a debt burden of more than Rs 48,000 crore.
Government plans to transfer Air India's non-core assets to SPVThe national carrier's debt burden was more than Rs 48,000 crore at the end of March 2017
No big role for India if it decides to join OBOR in future, says ChinaBeijing said there is no way for India to impede its neighbours from cooperating with China in infrastructure development.
US concerned over unsustainable debt burdens to Lanka by ChinaSri Lanka is struggling to repay Chinese money, and recently signed an agreement to give a state-run Chinese firm a stake in the strategic ...
US concerned over unsustainable debt burdens to Lanka by ChinaSri Lanka is struggling to repay Chinese money, and recently signed an agreement to give a state-run Chinese firm a stake in the strategic ...
New RBI guidelines on stressed assets give banks a breatherTotal stressed assets in Indian banks was 11.5% of Rs 75 lakh crore outstanding loans at end-March 2016, with the public sector banks leadi...
Banks get breather in restructured loans classificationTotal stressed assets (restructured plus non performing assets) in the Indian banks was 11.5% of Rs 75 lakh crore outstanding loans at end-...
RBI rejects plea to relax S4A normsUnder the so-called S4A scheme, banks can convert a portion of the loans they are owed into equity or equity related instruments.
Air India in talks to recast Rs 10,000 crore debtTalks are being held under the RBI’s Scheme for Sustainable Structuring of Stressed Assets, which gives struggling companies another chance...
ET in the classroom: S4A, new restructuring schemeTo enable banks RBI has been issuing norms to ensure that economic value of the asset is preserved, one being Sustainable Structuring of St...
Deloitte appointed for audit to help decide if Bhushan Steel be given another chance to recast loanThe Reserve Bank of India’s norms on S4A aimed at giving new lifeline to financially troubled company mandates forensic audit and techno ec...
Budget 2016: Modi govt on course to miss deficit target in FY17, will have a price to payThe warning comes at a time when analysts and economists are speculating whether FM will be able to stick to his fiscal deficit commitment ...