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Pakistan, With Economy On Cliff Edge, To Present Budget Today
Pakistan's government will present its annual budget to parliament on Friday needing to satisfy the IMF to have any chance of securing the release of more bailout money, with the crisis-riven country due to hold elections by November.
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Binance Leads Investors’ Contribution to Bail Out Victims of $615-Million Digital Coin Heist
Crypto exchange Binance is leading investors' contribution to a bailout of victims of a $615 million (roughly Rs. 4,664 crore) digital coin theft, the company targeted in the heist said.
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"PM Using Public Money For Jet Airways's Bailout Package": Congress
The Congress on Wednesday accused Prime Minister Narendra Modi of doling out public money by directing state-run banks to bailout Jet Airways by converting its debt into equity.
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Rahul Gandhi Finds New Acronym For IL&FS To Attack PM Over Bailout
In his fresh attack on Prime Minister Narendra Modi, Rahul Gandhi has alleged that public money was being used to bail out the debt-ridden Infrastructure Leasing & Finance Services (IL&FS) group. The group has a debt burden of over Rs 90,000 crore.
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Pak At Risk Of Debt Over Trade Corridor Project With China: US Senators
A group of US senators has warned that Pakistan is likely to face debt distress due to rising current account deficit and external obligations linked to the China Pakistan Economic Corridor or CPEC. The new government in Pakistan led by Prime Minister Imran Khan has already indicated it may pursue a bailout by the International Monetary Fund. Analy...
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After Flop Attempt, Centre Planning To Sell 100% Air India Shares: Report
Government will soon revive the sale of its money-losing flag carrier with new guidelines after a recent attempt ended in a debacle last month, as the proposed terms deterred potential investors.
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Air India To Be Split Into Four Separate Companies For Sale, Says Minister Jayant Sinha
The airline, which is surviving on a taxpayer-funded bailout, has strained government finances for decades, and Finance Minister Arun Jaitley said last year that money spent on Air India could have been used for education.
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British Shoe Seller Tries to Crowdfund Greek Bailout
A British shoe shop worker launched an online crowdfunding campaign to raise the money for Greece to meet its now expired IMF debt repayment, saying he just wanted to help austerity-stricken Greeks.
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Greek Prime Minister Says Won't Seek More Bailout Money
Greece's prime minister says the debt-strapped country will not ask for any additional bailout money and hopes to begin abolishing austerity taxes later this year.
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British military plane takes 1 million euros to Cyprus
The cash cargo flight was a "contingency" plan in case banks in Cyprus stopped giving out money as the island deals with the fallout from a controversial eurozone bailout deal, a spokesman said.
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Good if banks want to loan money to Kingfisher: Civil Aviation Minister
The government has said repeatedly that it will not bailout Kingfisher Airlines. But there are reports that State Bank of India has suddenly sanctioned a 1200-crore package for Vijay Mallya's bleeding carrier. Meanwhile, the airline cancelled at least 20 flights today, most of them out of Mumbai, continuing a trend it began over the weekend.
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Pakistan, With Economy On Cliff Edge, To Present Budget Today
Pakistan's government will present its annual budget to parliament on Friday needing to satisfy the IMF to have any chance of securing the release of more bailout money, with the crisis-riven country due to hold elections by November.
-
Binance Leads Investors’ Contribution to Bail Out Victims of $615-Million Digital Coin Heist
Crypto exchange Binance is leading investors' contribution to a bailout of victims of a $615 million (roughly Rs. 4,664 crore) digital coin theft, the company targeted in the heist said.
-
"PM Using Public Money For Jet Airways's Bailout Package": Congress
The Congress on Wednesday accused Prime Minister Narendra Modi of doling out public money by directing state-run banks to bailout Jet Airways by converting its debt into equity.
-
Rahul Gandhi Finds New Acronym For IL&FS To Attack PM Over Bailout
In his fresh attack on Prime Minister Narendra Modi, Rahul Gandhi has alleged that public money was being used to bail out the debt-ridden Infrastructure Leasing & Finance Services (IL&FS) group. The group has a debt burden of over Rs 90,000 crore.
-
Pak At Risk Of Debt Over Trade Corridor Project With China: US Senators
A group of US senators has warned that Pakistan is likely to face debt distress due to rising current account deficit and external obligations linked to the China Pakistan Economic Corridor or CPEC. The new government in Pakistan led by Prime Minister Imran Khan has already indicated it may pursue a bailout by the International Monetary Fund. Analy...
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After Flop Attempt, Centre Planning To Sell 100% Air India Shares: Report
Government will soon revive the sale of its money-losing flag carrier with new guidelines after a recent attempt ended in a debacle last month, as the proposed terms deterred potential investors.
-
Air India To Be Split Into Four Separate Companies For Sale, Says Minister Jayant Sinha
The airline, which is surviving on a taxpayer-funded bailout, has strained government finances for decades, and Finance Minister Arun Jaitley said last year that money spent on Air India could have been used for education.
-
British Shoe Seller Tries to Crowdfund Greek Bailout
A British shoe shop worker launched an online crowdfunding campaign to raise the money for Greece to meet its now expired IMF debt repayment, saying he just wanted to help austerity-stricken Greeks.
-
Greek Prime Minister Says Won't Seek More Bailout Money
Greece's prime minister says the debt-strapped country will not ask for any additional bailout money and hopes to begin abolishing austerity taxes later this year.
-
British military plane takes 1 million euros to Cyprus
The cash cargo flight was a "contingency" plan in case banks in Cyprus stopped giving out money as the island deals with the fallout from a controversial eurozone bailout deal, a spokesman said.
-
Good if banks want to loan money to Kingfisher: Civil Aviation Minister
The government has said repeatedly that it will not bailout Kingfisher Airlines. But there are reports that State Bank of India has suddenly sanctioned a 1200-crore package for Vijay Mallya's bleeding carrier. Meanwhile, the airline cancelled at least 20 flights today, most of them out of Mumbai, continuing a trend it began over the weekend.
