State Debt
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Using Borrowed Money To Give Free Electricity: Union Minister Attacks Punjab
Power Minister RK Singh has warned of a debt trap for states like Punjab using borrowed money to provide free electricity, saying such populist schemes are fine only if a state has finances.
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"States' Debt Affects Country's Rating": Centre On Kerala Borrowing Curbs
Uncontrolled borrowing by states would affect the credit rating of the whole country and the fiscal edifice of Kerala has been diagnosed with "several cracks", the Centre has told the Supreme Court.
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Google, Meta, Tiktok's Debts Removed From Russian Database: Report
Fines imposed by Russian courts on Alphabet's Google and YouTube, Meta, TikTok and Telegram appear to have been settled as the companies are no longer registered as debtors in the state bailiffs' database.
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4 Lakh Crore In Debt, Madhya Pradesh Borrows Again To Meet BJP's Promises
Less than two weeks after he took oath, Madhya Pradesh Chief Minister Mohan Yadav has sought a Rs 2,000 crore loan from Reserve Bank of India (RBI) to meet the state's expenditures.
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"Rs 12,000 Debt On Every Person In Punjab", Claims State BJP Chief
The BJP's Punjab president, Sunil Jakhar, on Monday voiced concern over the state's financial situation saying that the Aam Aadmi Party (AAP) government was heavily in debt.
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RBI Governor Shaktikanta Das Shares Solution For Countries In Debt Distress
Stating that high and unsustainable debt levels have severely constrained the fiscal capacity of many countries, Reserve Bank of India Governor Shaktikanta Das on Friday pitched for a global debt data-sharing platform as part of the solution.
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US Debt: What Does The Loss Of Triple A Rating Mean
Fitch has downgraded its credit rating for the United States, becoming the second of the top-three ratings agencies to strip the country of a top AAA rating. The impact upon the world's top economy is likely to be just symbolic, at least immediately.
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Fitch Downgrades US Credit Rating, White House Says "Defies Reality"
Fitch downgraded the United States' top-notch credit rating by a step on Tuesday, citing a growing federal debt burden and an "erosion of governance" that has manifested in debt limit standoffs.
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Biden Announces Student Debt Relief Measures After Court Setback
President Joe Biden said Friday that millions of Americans are "angry" after the Supreme Court brought down his student loan forgiveness program but he announced new measures to ease the financial burden.
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"There Will Be No Default": Joe Biden On US Debt Crisis
President Joe Biden declared Thursday the United States would avoid a disastrous credit default even as lawmakers went on a 10-day break without a deal on raising the nation's borrowing limit to keep paying the bills.
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"Not Going To Fix...": US Rules Out Constitutional Solution To Debt Crisis
President Joe Biden is not planning to invoke the 14th Amendment to prevent a US debt default, the White House said Tuesday, ruling out a constitutional solution to the current debt impasse.
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Joe Biden Cancels Post-G7 Asia Tour Amid Debt Crisis: Sources
US President Joe Biden will cut short a major trip to Asia this week, returning Sunday to Washington for high-stakes negotiations with Republicans to avert a potentially catastrophic debt default, according to two people familiar with his plans.
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Himachal Chief Minister's "6,000 Crores Loan" Jibe At Earlier Government
Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu on Wednesday said every person in the state was reeling under a debt of Rs 92,840 due to the financial mismanagement of the previous BJP government.
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US Concerned About Debt Owed To China By Cash-Strapped Pakistan
The United States is concerned about debt owed to China by Pakistan and other countries, U.S. State Department Counselor Derek Chollet said on Thursday during a visit to Islamabad as the country dealt with an economic crisis.
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Siddaramaiah Plunged State Into Maximum Debt: Karnataka Chief Minister
Karnataka Chief Minister Basavaraj Bommai has claimed that Congress opposition leader in the State Legislative Assembly and former state CM Siddaramaiah has plunged the state into maximum loan during his tenure.
-
Using Borrowed Money To Give Free Electricity: Union Minister Attacks Punjab
Power Minister RK Singh has warned of a debt trap for states like Punjab using borrowed money to provide free electricity, saying such populist schemes are fine only if a state has finances.
-
"States' Debt Affects Country's Rating": Centre On Kerala Borrowing Curbs
Uncontrolled borrowing by states would affect the credit rating of the whole country and the fiscal edifice of Kerala has been diagnosed with "several cracks", the Centre has told the Supreme Court.
-
Google, Meta, Tiktok's Debts Removed From Russian Database: Report
Fines imposed by Russian courts on Alphabet's Google and YouTube, Meta, TikTok and Telegram appear to have been settled as the companies are no longer registered as debtors in the state bailiffs' database.
-
4 Lakh Crore In Debt, Madhya Pradesh Borrows Again To Meet BJP's Promises
Less than two weeks after he took oath, Madhya Pradesh Chief Minister Mohan Yadav has sought a Rs 2,000 crore loan from Reserve Bank of India (RBI) to meet the state's expenditures.
-
"Rs 12,000 Debt On Every Person In Punjab", Claims State BJP Chief
The BJP's Punjab president, Sunil Jakhar, on Monday voiced concern over the state's financial situation saying that the Aam Aadmi Party (AAP) government was heavily in debt.
-
RBI Governor Shaktikanta Das Shares Solution For Countries In Debt Distress
Stating that high and unsustainable debt levels have severely constrained the fiscal capacity of many countries, Reserve Bank of India Governor Shaktikanta Das on Friday pitched for a global debt data-sharing platform as part of the solution.
-
US Debt: What Does The Loss Of Triple A Rating Mean
Fitch has downgraded its credit rating for the United States, becoming the second of the top-three ratings agencies to strip the country of a top AAA rating. The impact upon the world's top economy is likely to be just symbolic, at least immediately.
-
Fitch Downgrades US Credit Rating, White House Says "Defies Reality"
Fitch downgraded the United States' top-notch credit rating by a step on Tuesday, citing a growing federal debt burden and an "erosion of governance" that has manifested in debt limit standoffs.
-
Biden Announces Student Debt Relief Measures After Court Setback
President Joe Biden said Friday that millions of Americans are "angry" after the Supreme Court brought down his student loan forgiveness program but he announced new measures to ease the financial burden.
-
"There Will Be No Default": Joe Biden On US Debt Crisis
President Joe Biden declared Thursday the United States would avoid a disastrous credit default even as lawmakers went on a 10-day break without a deal on raising the nation's borrowing limit to keep paying the bills.
-
"Not Going To Fix...": US Rules Out Constitutional Solution To Debt Crisis
President Joe Biden is not planning to invoke the 14th Amendment to prevent a US debt default, the White House said Tuesday, ruling out a constitutional solution to the current debt impasse.
-
Joe Biden Cancels Post-G7 Asia Tour Amid Debt Crisis: Sources
US President Joe Biden will cut short a major trip to Asia this week, returning Sunday to Washington for high-stakes negotiations with Republicans to avert a potentially catastrophic debt default, according to two people familiar with his plans.
-
Himachal Chief Minister's "6,000 Crores Loan" Jibe At Earlier Government
Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu on Wednesday said every person in the state was reeling under a debt of Rs 92,840 due to the financial mismanagement of the previous BJP government.
-
US Concerned About Debt Owed To China By Cash-Strapped Pakistan
The United States is concerned about debt owed to China by Pakistan and other countries, U.S. State Department Counselor Derek Chollet said on Thursday during a visit to Islamabad as the country dealt with an economic crisis.
-
Siddaramaiah Plunged State Into Maximum Debt: Karnataka Chief Minister
Karnataka Chief Minister Basavaraj Bommai has claimed that Congress opposition leader in the State Legislative Assembly and former state CM Siddaramaiah has plunged the state into maximum loan during his tenure.
