Tag Archives: debt

Plea To Recover “Rs 1 Trillion” Debt Owed By Pak To India Since Partition Rejected

The Delhi High Court Monday refused to entertain a PIL seeking recovery of “Rs 1 trillion” debt owed by Pakistan to India since the time of partition, alleging that the central government was not taking any steps to recover the amount. A bench of Acting Chief Justice Vipin Sanghi and Justice Navin Chawla said it was a government policy matter Read More

RCom exits wireless business to cut debt

Anil Ambani, chairman of Reliance Communications addressing a press conference in Mumbai. (PTI Photo) MUMBAI: Reliance Communications (RCom) chairman Anil Ambani on Tuesday said the company will resolve its outstanding debt issue with lenders by selling its spectrum, cell towers, optical fiber network and real estate properties. This will result in RCom exiting the wireless telecom business and paring its debt to Rs 6,000 crore from Rs 45,000 Read More

Democrat Clinton gives plan to freeze a few college debt, cut lessons

Democratic presidential contender Hillary Clinton on Wednesday proposed a transient freeze on a few scholar debt and the slicing of university training completely for some families, that specialize in an issue essential to supporters of her rival Bernie Sanders. Clinton’s modern-day idea consists of a three-month moratorium for federal scholar mortgage bills and a new measure to put off in-country Read More