Debt

  • Debt-ridden man hangs himself to death 15-04-2014 03:50 PM

    Facing financial problems, a man allegedly committed suicide by hanging himself at his residence in Souter Ganj area in Kanpur, police said. Amarnath Gupta was found hanging from a fan by his family on Monday night, following which they called the police, a police spokesperson said. Gupta, 45, ran a...
  • Debt-ridden farmer hangs himself in Sukkha Purwa Village 14-02-2014 09:53 PM

    A debt-ridden farmer allegedlycommitted suicide by hanging himself in Sukkha Purwa Villagein Katra Bazar area in Gonda, the police said on Friday. Solhu (42) committed suicide by hanging himself on Thursdaynight at his house, they said. The police have sent his body for postmortem. According to villagers, the farmer was...
  • Debt ridden farmer shoots himself dead in Atrohana village 07-01-2014 11:58 AM

    A debt ridden farmer inAtrohana Village in Muzaffarnagar district has allegedly committedsuicide by shooting himself at his house, the police said. Sanjay Tyagi (48), was depressed over the mounting debtsthat he had taken from a bank and as the bank officials werepressuring him to pay back the loan. On Monday,...
  • India's external debt stands at $ 400 billion in September 31-12-2013 05:58 PM

    India's external debt was at $ 400.3 billion - including government debt of $ 77.3 billion - at the end of September. "Government (Sovereign) external debt stood at $ 77.3 billion, (19.3 per cent of total external debt) at end September 2013 vis-a-vis $ 81.7 billion (20.4 per cent) at...
  • China's $3 trillion local government debt stirs alarm 31-12-2013 03:41 PM

    Calls for China to accelerate financial reforms grew louder on Monday after figures showed its indebted local governments owe nearly $3 trillion in a debt build-up that some analysts called alarming. The National Audit Office, China's state auditor, said in a report local governments had total outstanding debt of 17.9...
  • World View: US shutdown ends, is the relief only temporary? 18-10-2013 09:34 PM

    The US Senate overwhelmingly approved a deal on Wednesday to end a political crisis that partially shut down the federal government and brought the world's biggest economy to the edge of a debt default that could have threatened financial calamity. ...
  • Obama and Republicans search for a deal on US fiscal impasse 13-10-2013 04:18 AM

    Washington: President Barack Obama and congressional Republican leaders inched toward resolving their fiscal impasse on Friday, but struggled to agree on the length and terms of a short-term deal to increase the US debt limit and reopen the government. Obama met Senate Republicans at the White House and spoke by...
  • Republicans consider short-term US debt ceiling increase 10-10-2013 09:52 AM

    US House of Representatives Republicans are considering signing on to a short-term increase in the government's borrowing authority to buy time for negotiations on broader policy measures, according to a Republican leadership aide. How long the increase might suffice - a few weeks or a few months - was unclear....
  • US debt crisis threatens world economy: IMF 04-10-2013 11:47 AM

    Washington: Terming the current debt crisis in America as "mission-critical", the International Monetary Fund has warned the US that its impending debt crisis could damage not only its domestic economy, but the entire global economy. "The ongoing political uncertainty over the budget and the debt ceiling does not help. The...
  • Kerala's finances not in pink of health: state Finance Minister 14-09-2013 01:14 PM

    Kerala's financial position is "certainly not in the pink of health", admitted state Finance Minister KM Mani. "Kerala's financial position is certainly not in the pink of health, but due to cautious managing of the finances, we are able to go forward. A white paper is not required," Mani told...
  • Andhra Pradesh: Four debt-ridden farmers end life 27-08-2013 07:03 PM

    Four debt-ridden farmers allegedly committed suicide in Andhra Pradesh's Karimnagar district in the last two days, the police said on Tuesday. Cotton farmers Vangapalli Bhoomesh (30) from Namili Gundupalli village and Aitha Malla Reddy (36) from Annaram village ended their life by consuming insecticide on Monday, they said. Bhoomesh had...
  • Pawan Hans Helicopters failed to collect dues worth Rs 171 crore: CAG 11-08-2013 01:53 AM

    State-owned Pawan Hans Helicopters Limited (PHHL) has not collected dues worth over Rs 171 crore as it lacks a proper system for expeditious recovery of debts, government auditor CAG has said. "There was no system for timely recovery of debts due to which there was huge outstanding of Rs 171.87...
  • Debt-ridden man commits suicide, wife tries to set herself ablaze 03-08-2013 06:39 PM

    Upset over financial issues, a man allegedly committed suicide by hanging himself, while his wifetried to set herself ablaze at their home in Jagdamba Nagar locality here in Jaipur, police said on Saturday. Madhusudan (34), a tailor by profession, had an heated argument with his wife Lalita (30) over some...
  • Reliance Communications clears debt of Rs 6,000 crore 01-07-2013 01:09 PM

    New Delhi: Reliance Communications on Monday said it has made full repayment of two loans amounting to $ 1 billion (around Rs 6,000 crore), during the June quarter. The company has completed full repayment of two Syndicated ECB loan facilities of $ 500 million each, which were availed in 2007...
  • Indian bankers suit up for war on debt defaulters 03-06-2013 09:05 AM

    Mumbai: Fed up with a profitable textile company's failure to repay its loan, UCO Bank has taken its grievance public, placing newspaper ads last month that brand the industrialist owner of S Kumar's Nationwide Ltd a defaulter. State Bank of India (SBI), Bank of India Ltd and Bank of Baroda...
  • Protesters block streets around European Central Bank 01-06-2013 07:03 AM

    Frankfurt: Crowds of anti-capitalist protesters on Friday blocked streets leading to the European Central Bank in Germany's financial capital, Frankfurt, to protest its role in pushing for austerity cutbacks as a way to fight the continent's debt crisis. Members of the Blockupy alliance linked arms for several hours in a...
  • Farmer commits suicide in the village adopted by Rahul 28-05-2013 12:45 PM

    Lucknow: A farmer identified as Kapoor Singh allegedly committed suicide by hanging himself in Madhavpur village of Uttar Pradesh's Banda district. According to the police, Kapoor Singh hanged himself as he was unable to pay off his Rs 5 lakh debt that he had taken for the marriage of his...
  • Actor Bradley Cooper helps friends pay off debts 18-05-2013 08:27 AM

    Los Angeles: Fame hasn't gone to actor Bradley Cooper's head. He readily came to the rescue of his friends and their families to pay off their debts in their hard times. The 38-year-old admits that finding fame has been disorientating, but he hasn't let his star status go to his...
  • How a student took on Harvard economists over errors and won 18-04-2013 01:31 PM

    New York: When Thomas Herndon, a student at the University of Massachusetts Amherst's doctoral program in economics, spotted possible errors made by two eminent Harvard economists in an influential research paper, he called his girlfriend over for a second look. As they poured over the spreadsheets Herndon had requested from...
  • Punjab is most 'corrupt' state, says Manpreet Badal 17-04-2013 02:24 AM

    Jalandhar: Terming Punjab as the most 'corrupt' state in the country, People's Party of Punjab leader Manpreet Badal accused the state finance minister of acting as merely the 'munim' (accountant) of the government. "Punjab is the most corrupt state in the country. The people looting the state are being actively...
  • Gujarat's loan has risen to Rs 1.72 lakh cr: Digvijaya 15-04-2013 02:30 AM

    Shajapur: Congress General Secretary Digvijaya Singh on Sunday slammed Gujarat Chief Minister Narendra Modi for making "tall claims" about development, and claimed that despite all talks of progress every citizen of Gujarat is burdened with a debt of Rs 26,000. "When Modi became Gujarat Chief Minister for the first time,...
  • Delhi: 'Debt-ridden' family including 2 children charred to death 06-04-2013 11:00 AM

    New Delhi: In a tragic incident, a family of four including two children was charred to death in Uttam Nagar. Police sources said that prima facie it appears to be a case of suicide. Meanwhile, the neighbours claimed that the family had a financial debt of over Rs 40 lakh....
  • Farm loan waiver under scanner: Are big ticket government schemes prone to corruption? 05-03-2013 10:48 PM

    The CAG report which was tabled in Parliament earlier on Tuesday criticised the scheme's implementation, citing lapses in 22 per cent of the cases. ...
  • Farm debt waiver scheme: Finance Ministry orders probe after CAG report reveals lapses 05-03-2013 10:40 PM

    The CAG report which was tabled in Parliament earlier on Tuesday criticised the scheme's implementation, citing lapses in 22 per cent of the cases. ...