Opposition parties, particularly the Congress, have been demanding that the government come out with a detailed account of the incident that resulted in casualties in Indian Army-- the first since October 1975 when Chinese troops had ambushed an Indian patrol in Arunachal Pradesh’s Tulung La sector killing four soldiers. … [Read more...] about ‘Bow to the families of great heroes’: Amit Shah pays tribute, says India is in their debt
China debt clock
Much of the recent focus has been on China’s big four state-owned lenders, which posted profit declines of at least 10% in the first half. Shares of Industrial & Commercial Bank of China Ltd., Agricultural Bank of China Ltd., Bank of China Ltd. and China Construction Bank Corp. are priced at half their estimated book value or less, the lowest on record. A gauge of Chinese banks in Hong Kong is down 24% this year, on pace for the worst slump since the global financial crisis. … [Read more...] about China bank stocks lose $194 billion in perpetual value trap
It can be said that a country is creating a debt trap in another country if the debtor country does not really need a loan from the creditor country; the relationship between the debtor and creditor does not conform to international rules; the debtor-creditor relationship is not a mutually-beneficial one; or the loan from the creditor has caused substantial negative influence on the solvency of the debtor or heightened the risk of a debt default. … [Read more...] about Latin America debt trap myth
Within South Asia, it forecast that India’s ratio of general government (GG) debt-to-GDP will stabilise in the fiscal year ending March 2022 at just above 85 per cent, from around 70 per cent before the coronavirus shock, as its economy recovers from a steep downturn. … [Read more...] about Uncertain outlook for India as public debt rise underscores policy challenges in A-Pac: Report
Tata Motors approach to achieve a near net debt zero target by FY24, is primarily pivoted on revenue improvement, cost-cutting, and capex control plans laid out for four key businesses (including NBFC), said P B Balaji, CFO – Tata Motors at a recent meeting hosted with a group of investors. Balaji discussed the business-wise roadmap to attaining positive free cash flow . The target to be near net debt zero by FY24 is built on three key pillars--business level FCF generation, monetization of non-core assets, and top-up equity (if required). The capex plans laid out for FY21 (GBP2.5b for JLR and INR15b for the India business) would not see any material change in the foreseeable future, said the recent Motilal Oswal Institutional equities report.The guiding principle for capex moves from 'willingness to invest' to 'ability to invest', i.e., capex would be supported by operating performance and would not be invested independent of operating performance. As the monetization of … [Read more...] about Here is how Tata Motors paves the way out from debt?