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Thursday, May 19, 2022
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Debt & Deficit

CAG Report Reveals Alarming Debt Burden Of Himachal Pradesh

Dec 16, 2021 Ashwani Sharma

The state of Himachal Pradesh is mounting with debt as it grows at an alarming rate, Comptroller and Auditor General of India has raised concerns. From 2015-16 to 2019-20, the fiscal liabilities in the state have increased by 51.01%.

Pay Off Your Old Debt To Increase Your Home Loan Eligibility

Nov 23, 2021 Meghna Maiti

Paying off existing debt and showing more sources of income increase your chances of getting a bigger home loan. Adding a co-applicant who’s working, boosts your home loan eligibility.


Economic Crisis: Sri Lanka Cuts Back On Imports Amid Mounting Debt

Shortages are pushing prices higher for many consumer goods, from bread to construction materials to gasoline, triggering protests among Sri Lankans fed up with the prolonged crisis.

US Owes India USD 216 Billion, USD 1 Trillion To China: Congressman Alex Mooney

Feb 27, 2021 Outlook Web Bureau

In 2020, the US national debt was USD 23.4 trillion, which amounts to USD 72,309 in debt per person, US lawmaker Alex Mooney said


Fiscal Deficit Of States To Hit Peak Of Rs 8.7 Crore As Tax Collection Records Steep Fall: Crisil Report

The pandemic has hit tax collections of the states and resulted in a near four-fold spike in their revenue deficits this fiscal over FY20, the report said.

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18 September, 2020

Total Govt Liabilities Rise To Rs 101.3 Lakh Cr In First Quarter: Finance Ministry Report

PTI

The total debt of the government stood at Rs 88.18 lakh crore at end-June 2019.


06 July, 2019

Debt Tribunal Directs Nirav Modi To Pay Rs 7,200 Cr To PNB, Others With Interest

Outlook Web Bureau

The DRT's final order came on a plea filed by the PNB in July 2018 seeking recovery of its dues of Rs 7,000 crores from Modi.


12 June, 2019

Will Go After 'Thieves' Responsible For Putting Pakistan In Debt: Imran Khan

Outlook Web Bureau

In an unusual midnight speech after the first budget of his cash-strapped government was presented, Pakistan Prime Minister Imran Khan said that all economic problem was due to debt which increased to Rs 30 lakh crore from Rs 6 lakh crore in 10 years.


22 May, 2019

ED Conducts Fresh Raids In Mumbai In Connection With IL&FS Payment Default Case

Outlook Web Bureau

The debt crisis at the infrastructure lender IL&FS came to light following a series of defaults by its group companies beginning September 2018.


30 March, 2019

'Modinomics' Flopped, Fiscal Deficit Rises To 134%, Says Congress

Outlook Web Bureau

Congress on Saturday said the Modi government was set to borrow Rs 7.1 lakh crore and cited that the fiscal deficit had risen to 134 per cent in the first 11 months of the current financial year.


19 March, 2019

'Deeply Touched': Anil Ambani Thanks Brother Mukesh After RCom Makes Rs 550 Crore Payment To Ericsson

Outlook Web Bureau

In a statement, RCom said Rs 550 crore dues to Ericsson, including interest dues, has been made in compliance with the Supreme Court judgement.


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02 February, 2019

Debt-Ridden Anil Ambani's RCom Opts For Insolvency Proceedings

Outlook Web Bureau

Anil Ambani-led Reliance Communications has decided to opt for insolvency proceedings following its failure to sell assets for paying back its lenders.


19 January, 2019

India’s Debt Under Modi Govt Surges 50% To Rs 82 Lakh Crore

Outlook Web Bureau

Compared to the latest data available till September 2018 when the total debt of the Central government stood at Rs 82,03,253 crore, the corresponding amount till June 2014 was Rs 54,90,763 crore, the Finance Ministry's data on government borrowings shows.


09 November, 2018

50 Large NBFCs Require Rs 95,000 Crore For Debt Repayments Due In November

Outlook Web Bureau

In October, the rollover rate of CPs issued by these 50 largest NBFCs was only around 40 per cent of the average monthly issuances between June and August 2018.


06 October, 2018

Govt Mulling More Steps To Narrow Down Current Account Deficit: Arun Jaitley

Outlook Web Bureau

The CAD was directly linked with global oil prices, which had been going up recording the highest level in last four years, and was going to have some adverse impact, said Jaitley.


30 September, 2018

Govt Owes Air India Over Rs 1100 Crore For VVIP Charter Flights

Outlook Web Bureau

In a previous reply furnished in March this year, the total outstanding bills were at Rs 325 crore on January 31 which have now risen to Rs 1146.86 crore, it shows.


20 September, 2018

Mallya's Two Choppers Auctioned For Rs 8.75 Crore

Outlook Web Bureau

The Tribunal held the e-auction on behalf of a consortium of 17 banks which filed the case in 2013 against Mallya.


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30 July, 2018

Indian Man In UAE Jumps Off 3rd Floor As Lenders Chase Him

Outlook Web Bureau

The 32-year-old man, identified only with his initials A K, was said to be involved in financial disputes with several people, Gulf News reported.


Photo Gallery

A farmer sits near his red chillies at a deserted APMC market, during the weekend curfew imposed by the Karnataka government to curb the spread of COVID-19, in Hubballi.

PTI Photo

Delhi Chief Minister & AAP National Convenor Arvind Kejriwal being welcomed by women supporters during his door-to-door campaign ahead of the Goa Assembly elections, in Goa.

PTI Photo

A health worker collects swab sample of a woman for COVID-19 test, amid concerns over rising Omicron cases, in Gurugram.

PTI Photo

Traffic jam on a road at Shalimar Bagh during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.

PTI Photo/ Shahbaz Khan

The Lajpat Nagar market wears a deserted look during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.

PTI Photo/ Shahbaz Khan
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Short Story

‘Laab’ In The Mountains

He would take his colour, brushes and canvas outside to paint and talk with his love. He would stand close to the window and paint, keeping an eye on his muse.

Graphic Novel

Play Us A Memory, Violin Man

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Fact-Check

It’s Just Numbers, Love

Younger people do not have much progressive beliefs; a 2017 survey found that one-third of young people opposed inter-caste marriage.

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Opinion

The Future of Universities: Can India Overcome The Digital Divide?

The pandemic has made it clear that virtual learning is here to stay. In the West, the big question is whether it will dilute the quality of the college experience and education. In India, which grapples with digital divide, the question remains whether this will reach most people at all.

Jan 15, 2022 Saikat Majumdar

Super Immunity, Natural Vaccines, Covid Gods: A Desi Guide To Denying The Pandemic

Even after two years of the Covid-19 pandemic, many 'informed' individuals in India continue to deny the virus with unscientific claims and unfounded data. The latest? Omicron will end the pandemic.

Jan 08, 2022 Rakhi Bose

What Is The Future Of The Liberal Arts In Asia?

Across Asia there are deeply entrenched obstacles to a mode of higher education that is liberal in multiple senses – disciplinary and epistemological but also social and political.

Jan 01, 2022 Saikat Majumdar

Nagaland To Lakhimpur Kheri: Rights, Regimes And Restitutions in Times Of Turbulence

The two incidents in the recent past, one in Mon district of Nagaland and the other at Lakhimpur Kheri in Uttar Pradesh, undermined the core principles democracy and federalism.

Dec 28, 2021 Tanvir Aeijaz