Share this: Prime Minister Narendra Modi listens to finance minister Arun Jaitley during the Global Business Summit in New Delhi January 16, 2015. Credit: Reuters/Anindito Mukherjee Indias government is pushing state-owned steel, power and shipping firms to take over assets of private companies that have defaulted on loans, but faces resistance from them, leaving it…
Unscrupulous payday loan companies are pushing debt onto homeless teenagers including those with learning difficulties, and hounding them for repayment, a charity has warned. A 19-year-old with learning difficulties was among those bombarded with aggressive text messages demanding he pay up, the youth homelessness charity Centrepoint said. Despite Centrepoint staff estimating that the Bradford teenager had…
Greece’s battered banks are being asked to swap about 33 billion ($47 billion) in floating-rate bonds for 30-year, fixed-rate securities under a euro-area plan to shield Athens from future interest rate increases, three people with knowledge of the matter said. The swap is part of a package of debt-relief proposals for Greece to be presented…
REX Shutterstock Guess whos finally in the clear? Yep, Tyga has paid off over $100,000 worth of jewelry debt, according to a Nov. 25 report. So did his girlfriend Kylie Jenner help out by giving Tyga some of the cash? Kylie Jenner, 19, has been bailing out Tyga, 26, for ages but not this time! Tyga is…
Drowning under a sea of debt and dont know which way to turn? There is lots of free support and advice available to help you manage your debt if you know where to look. Find out where find free, impartial debt advice by phone, online and face-to-face. Citizens Advice The Citizens Advice website offers a…
The government will order three warships worth 3.2 trillion won ($2.7 billion) next month to help shipbuilders survive plunging global demand. It also vowed to prepare detailed action plans to strengthen the competitiveness of the shipbuilding, shipping, steel and petrochemical industries. “Corporate restructuring is a difficult process that takes a long time. We can reach…
Indias government is pushing state-owned steel, power and shipping firms to take over assets of private companies that have defaulted on loans, but faces resistance from them, leaving it scrambling to clear a US$135 billion pile of stressed loans from banks books. Over the past two years, Prime Minister Narendra Modis government has pushed banks…
Back in May, the Governments offered some suggestions to cut student debt from its current standing at $42 billion. They included lowering the individual HELP repayment threshold from $54,126 to around $40,000 and conducting a household means test (incorporating not just your income but potentially those you live with, such as parents or partners) to…
Indian government is pushing state-owned steel, power and shipping firms to take over assets of private companies that have defaulted on loans, but faces resistance from them, leaving it scrambling to clear a $135 billion pile of stressed loans from banks’ books. Over the past two years, Prime Minister Narendra Modi’s government has…
NEW DELHI: Indian government is pushing state-owned steel, power and shipping firms to take over assets of private companies that have defaulted on loans, but faces resistance from them, leaving it scrambling to clear a $135 billion pile of stressed loans from banks’ books. Over the past two years, Prime Minister Narendra Modi’s government has…