IMF Refuses Debt-Relief For Hurricane-Devastated Barbuda – Mintpress News (blog)

Facing devastation difficult to overstate, Hurricane Irma-battered Barbuda lost more than 90 percent of its structures in a record-breaking storm that will require an estimated $150 million in reconstruction and recovery. It also has to repay a $3 million debt to the International Monetary Fund, whose special representative to the United Nations Christopher Lane resisted…

Now Jaypee Wish Town home buyers move SC, demand builder to deposit construction, compensation money – Economic Times

NEW DELHI: Around 2,300 home buyers of Jaypee Infratechs Wish Town project in Noida moved the Supreme Court on Friday, requesting it to ensure the builder deposited the money needed to complete the project with the court or in an escrow account before lifting a stay on insolvency proceedings at the company. They also want…

Arundhati Bhattacharya advices SMEs to go in for equity capital, not debt – ETRetail.com

State Bank chairman Arundhati Bhattacharya today urged small and medium enterprises (SMEs) to focus on raising funds through equity instead of debt to drive their businesses in a healthier manner. She said SMEs’ relying more on debt for their growth capital in the initial stage of their business put pressure on their balance sheets. “One…