Mumbai: Two days after the government okayed a turnaround plan, the cash-strapped national carrier Air India invited merchant bankers to raise working capital loans up to USD 1 billion from overseas markets. The move follows the government allowing AI to borrow up to USD 1 billion annually through the external commercial borrowing (ECB) route. The airline has floated an "invitation of offers" for raising funds through the ECB route. It...
11:55 AM, Apr 15, 2012
New Delhi: India's external debt rose to $334.9 billion at December-end 2011, an increase of 9.4 per cent in the first nine months of the current financial year, owing largely to higher commercial borrowings and short-term trade credit, the finance ministry said on Friday. Data released by the department of economic affairs showed that India's total external debt at the beginning of 2011-12 was $306.1 billion. It increased by $28.8...01:29 AM, Mar 31, 2012
When Finance Minister Pranab Mukherjee presents the Union Budget 2012 on March 16, experts will be keenly hearing his comments on fiscal deficit. India's fiscal deficit is a cause for worry now. It is expected to exceed the targeted 4.6% of GDP. Former finance secretary S Narayan says, fiscal deficit in percentage terms will be optically low due to inflation. "Projected fiscal deficit for the next year is unlikely to...06:27 PM, Mar 02, 2012
Major part of the Government's revenue comes from borrowings. ...03:52 PM, Feb 16, 2009
Kolkata: Former India captain Sourav Ganguly on Saturday laughed off Shahid Afridi's remarks that Sachin Tendulkar was uncomfortable against Shoaib Akhtar's pace, a claim which the Pakistani speedster had made in his autobiography 'Controversially Yours'. Afridi is out of his mind, Ganguly quipped, reacting to the former Pakistani skipper's claim that he has seen Tendulkar tremble while facing Shoaib. Ganguly is not surprised at off-spinner Harbhajan Singh's omission from the...07:48 PM, Mar 05, 2008
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