Borrowings

Borrowings News

Coronavirus Outbreak: Gross state borrowings to touch Rs 7.8 lakh cr in current fiscal, says ICRA
Business

Coronavirus Outbreak: Gross state borrowings to touch Rs 7.8 lakh cr in current fiscal, says ICRA

ICRA has said states with the higher patient count, returning migrant labour, as well as a greater dependence on GST compensation, will face the sharper risk of fiscal slippages this fiscal

Coronavirus Outbreak: Finance ministry allows states to borrow Rs 3.20 lakh cr from market
Business

Coronavirus Outbreak: Finance ministry allows states to borrow Rs 3.20 lakh cr from market

The Finance Ministry has allowed all states to borrow a cumulative Rs 3.20 lakh crore from the market between April-December

Govt to borrow Rs 4.88 lakh cr in first half of FY21: DEA Secretary Atanu Chakraborty
Business

Govt to borrow Rs 4.88 lakh cr in first half of FY21: DEA Secretary Atanu Chakraborty

The government will borrow Rs 4.88 lakh crore in the first half of fiscal 2020-21 starting April 1 to shore up resources amid a war it is wagging to contain economic fallout of coronavirus pandemic, DEA Secretary Atanu Chakraborty said on Tuesday

India Inc's foreign borrowings fall 9% to $2.81 bn in February; Oil India, IOC, Shriram Transport Finance among major borrowers
Business

India Inc's foreign borrowings fall 9% to $2.81 bn in February; Oil India, IOC, Shriram Transport Finance among major borrowers

The entire fund mop-up during the month was done through the automatic route of ECB, showed the RBI data.

Debt-ridden Reliance Communications' shareholders approve Rs 50,000 crore cap on borrowing limit
Business

Debt-ridden Reliance Communications' shareholders approve Rs 50,000 crore cap on borrowing limit

RCom owes over Rs 40,000 crore to a group of 38 lenders, including Chinese banks, and was resolving the debt through a strategic debt restructuring (SDR) process.

Project Sashakt: Creating a bigger bad asset market is a good idea; but who will do the bankrolling?
Business

Project Sashakt: Creating a bigger bad asset market is a good idea; but who will do the bankrolling?

Project Sashakt's success hinges on the Modi government's ability to push out a scheme that can generate sufficient investor interest.

The great Indian banking circus: A guide on how to use the Aam Aadmi and Mr Fraud counters
Business

The great Indian banking circus: A guide on how to use the Aam Aadmi and Mr Fraud counters

The common man’s role in this saga is to pay taxes on time to help refuel banks, so that lenders don’t run out of funds to feed Mr Fraud.

Andhra Pradesh CM Chandrababu Naidu urges Centre to relax FRBM norms, seeks more borrowings
India

Andhra Pradesh CM Chandrababu Naidu urges Centre to relax FRBM norms, seeks more borrowings

Andhra Pradesh Chief Minister N Chandrababu Naidu urged the Centre to relax the limit set by the Fiscal Responsibility and Budget Management (FRBM) Act.

Rise in oil cos' loans means widening of fiscal deficit
Economy

Rise in oil cos' loans means widening of fiscal deficit

With the government's compensation for subsidised sale of fuel not forthcoming, the state-run oil firms have been heavily borrowing from banks to pay for their crude oil imports.

Why govt is easing overseas borrowing rules for cos
Economy

Why govt is easing overseas borrowing rules for cos

India is looking to make it easier for companies to raise funds by allowing them to issue rupee bonds that are guaranteed from offshore entities, while easing some of its overseas borrowing rules.

S&P downgrades Greece on delays in budget implementation
Economy

S&P downgrades Greece on delays in budget implementation

Ratings agency Standard & Poor's on Tuesday revised Greece's outlook to negative, saying the debt-ridden eurozone country could need more help from its international creditors.