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Bharti Airtel, Unit Pay Rs. 5,985 Crore to Clear 'High-Cost' 2024 Spectrum Dues
Bharti Airtel, along with Bharti Hexacom, has prepaid Rs. 5,985 billion to the government, clearing "high-cost" liabilities from the 2024 spectrum auctions. India's second-largest telecom firm has reduced its spectrum-related debt to Rs. 52,000 crore, lowering the cost of debt to 7.22%. Airtel has been actively prepaying dues from past aggressive s...
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US Lawmakers Join Trump-Musk Government Shakeup
Republicans vowed Wednesday to tackle the "stunning" US national debt, as lawmakers began work on President Donald Trump's plan for the most radical downsizing of the federal government in decades.
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Madhya Pradesh To Borrow Rs 25,000 Crore Amid Rising Debt Concerns
The Madhya Pradesh government plans to take a new loan of Rs 25,000 crore before the current financial year ends on March 31, 2025.
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To Address Debt, Court Asks Himachal To Shut Down 18 State-Run Hotels
The Congress government in Himachal Pradesh is battling massive debt and to help it clear its unpaid dues, the Himachal Pradesh High Court today ordered the shutting down of 18 state-owned loss-making hotels.
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Supreme Court Rejects Telcos' Plea on AGR Dues Owed to Government
The Supreme Court has dismissed a plea from telecom companies to reassess the dues they owe the government, resulting in a decline in the stock prices of Vodafone Idea and its counterparts. Vodafone Idea and Bharti Airtel are facing a combined debt of Rs. 1 lakh crore in outstanding dues, encompassing spectrum charges and licensing fees.
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Government Estimates Centre's Debt To Rise To Rs 185 Lakh Crore In FY25
The government estimates its debt, including external borrowing, valued at current exchange rate and public account and other liabilities will increase to Rs 185 lakh crore, or 56.8 per cent of the GDP, during the current fiscal year.
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Opinion | Act 3, Take 1: Five Economic Planks The New Government Must Focus On
Scan the landscape, and we foresee the global economy resilient in 2024. But a multitude of factors - geopolitical uncertainties, debt piles, tariff friction and climatic disruptions - seethe underneath.
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India Has Said Yes To Extend Debt Repayment Deadline: Maldives Foreign Minister
Maldivian Foreign Minister Moosa Zameer has said that significant strides have been made in expediting India-assisted projects in Maldives, as he underscored the government's commitment to prioritising the resumption and completion of these projects.
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Pakistan To Seek $6 Billion In New IMF Loan Program: Report
Pakistan plans to seek a new loan of at least $6 billion from the International Monetary Fund to help the incoming government repay billions in debt due this year, Bloomberg News reported on Thursday, citing a Pakistani official.
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Explained: How Bad Is Pakistan's Debt Crisis And Can It Be Saved
Negotiations on a new government in Pakistan have allayed immediate fears of instability in the nuclear-armed nation following inconclusive elections last week, but the risk of a full-scale economic crisis remains.
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"Government Presenting Dubious Numbers": Shashi Tharoor Slams Budget
Congress's Shashi Tharoor today criticised the Union budget today, saying it failed to address the current "high debt, low employment, high food inflation" and accused the government of presenting dubious figures to back their claims on poverty.
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New Drug-Making Standards For Indian Pharma Firms After Overseas Deaths
Indian pharmaceutical companies must meet new manufacturing standards this year, according to a government notification released on Saturday, although small companies have asked for a delay, citing their debt load.
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"India Still Below 2002 Debt Level": Finance Ministry On IMF Report
Following reports of the International Monetary Fund cautioning India on alleged government debt vulnerabilities, the Centre on Friday said that certain presumptions have been made, which do not reflect the factual position.
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"Will Send Details Of How Borrowed Funds Used": Bhagwant Mann To Governor
Punjab Chief Minister Bhagwant Mann on Monday said his government will give Governor Banwarilal Purohit an account on the money spent out of the debt it raised, and took a swipe at him for not seeking details on borrowings from previous governments.
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Explained: The Funding Bill That Attempts To Avert US Government Shutdown
The US Senate on Tuesday introduced a short-term funding bill to avert a partial government shutdown that can result in thousands of federal workers losing jobs.
-
Bharti Airtel, Unit Pay Rs. 5,985 Crore to Clear 'High-Cost' 2024 Spectrum Dues
Bharti Airtel, along with Bharti Hexacom, has prepaid Rs. 5,985 billion to the government, clearing "high-cost" liabilities from the 2024 spectrum auctions. India's second-largest telecom firm has reduced its spectrum-related debt to Rs. 52,000 crore, lowering the cost of debt to 7.22%. Airtel has been actively prepaying dues from past aggressive s...
-
US Lawmakers Join Trump-Musk Government Shakeup
Republicans vowed Wednesday to tackle the "stunning" US national debt, as lawmakers began work on President Donald Trump's plan for the most radical downsizing of the federal government in decades.
-
Madhya Pradesh To Borrow Rs 25,000 Crore Amid Rising Debt Concerns
The Madhya Pradesh government plans to take a new loan of Rs 25,000 crore before the current financial year ends on March 31, 2025.
-
To Address Debt, Court Asks Himachal To Shut Down 18 State-Run Hotels
The Congress government in Himachal Pradesh is battling massive debt and to help it clear its unpaid dues, the Himachal Pradesh High Court today ordered the shutting down of 18 state-owned loss-making hotels.
-
Supreme Court Rejects Telcos' Plea on AGR Dues Owed to Government
The Supreme Court has dismissed a plea from telecom companies to reassess the dues they owe the government, resulting in a decline in the stock prices of Vodafone Idea and its counterparts. Vodafone Idea and Bharti Airtel are facing a combined debt of Rs. 1 lakh crore in outstanding dues, encompassing spectrum charges and licensing fees.
-
Government Estimates Centre's Debt To Rise To Rs 185 Lakh Crore In FY25
The government estimates its debt, including external borrowing, valued at current exchange rate and public account and other liabilities will increase to Rs 185 lakh crore, or 56.8 per cent of the GDP, during the current fiscal year.
-
Opinion | Act 3, Take 1: Five Economic Planks The New Government Must Focus On
Scan the landscape, and we foresee the global economy resilient in 2024. But a multitude of factors - geopolitical uncertainties, debt piles, tariff friction and climatic disruptions - seethe underneath.
-
India Has Said Yes To Extend Debt Repayment Deadline: Maldives Foreign Minister
Maldivian Foreign Minister Moosa Zameer has said that significant strides have been made in expediting India-assisted projects in Maldives, as he underscored the government's commitment to prioritising the resumption and completion of these projects.
-
Pakistan To Seek $6 Billion In New IMF Loan Program: Report
Pakistan plans to seek a new loan of at least $6 billion from the International Monetary Fund to help the incoming government repay billions in debt due this year, Bloomberg News reported on Thursday, citing a Pakistani official.
-
Explained: How Bad Is Pakistan's Debt Crisis And Can It Be Saved
Negotiations on a new government in Pakistan have allayed immediate fears of instability in the nuclear-armed nation following inconclusive elections last week, but the risk of a full-scale economic crisis remains.
-
"Government Presenting Dubious Numbers": Shashi Tharoor Slams Budget
Congress's Shashi Tharoor today criticised the Union budget today, saying it failed to address the current "high debt, low employment, high food inflation" and accused the government of presenting dubious figures to back their claims on poverty.
-
New Drug-Making Standards For Indian Pharma Firms After Overseas Deaths
Indian pharmaceutical companies must meet new manufacturing standards this year, according to a government notification released on Saturday, although small companies have asked for a delay, citing their debt load.
-
"India Still Below 2002 Debt Level": Finance Ministry On IMF Report
Following reports of the International Monetary Fund cautioning India on alleged government debt vulnerabilities, the Centre on Friday said that certain presumptions have been made, which do not reflect the factual position.
-
"Will Send Details Of How Borrowed Funds Used": Bhagwant Mann To Governor
Punjab Chief Minister Bhagwant Mann on Monday said his government will give Governor Banwarilal Purohit an account on the money spent out of the debt it raised, and took a swipe at him for not seeking details on borrowings from previous governments.
-
Explained: The Funding Bill That Attempts To Avert US Government Shutdown
The US Senate on Tuesday introduced a short-term funding bill to avert a partial government shutdown that can result in thousands of federal workers losing jobs.
