Internal Debt

US Department of Education Reviews Civil Service Loan Forgiveness Program | News from the United States and the world

(CNN) – The US Department of Education on Wednesday announced major changes to a federal student loan cancellation program that the agency says could bring relief to more than 550,000 borrowers working in the public sectors and non-profit, including around 22,000 borrowers who will automatically be eligible for student loan …

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Lindsey Graham says there won’t be “a complete hole” in the debt limit. Ted Cruz doesn’t make any promises.

In-party disputes between Democrats are getting a lot of attention, but Republicans are waging their own internal battle over how far to push their debt limit before a senseless and catastrophic default on October 18. So far, the party supports Senate Minority Leader Mitch McConnell (R-Ky.) Demand that Senate Democrats …

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AGF Management: Growing Credibility Crisis of the Federal Reserve; The debt ceiling solution

Market insights and outlook Author: 8 October 5, 2021 Federal Reserve’s growing credibility crisis;What is the debt ceiling solution?October 5, 2021THE FEDERAL RESERVE, long known as apolitical, faces a serious credibility crisis as inflation rises and President Jerome Powell’s criticism grows harsher. They are bluntly asking if it’s time to …

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China suffocated by Xi Jinping’s crackdown

Despite his seemingly sound intentions, President Xi Jinping’s authoritarian acts could stifle the once-prosperous China’s “miracle” economy. Coal. Me at. Wine. Cash. Beijing presents itself as playing a powerful game of coercive diplomacy. But the price may be a local economic calculation – President Xi Jinping’s authoritarian acts stifling the …

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BSNL: BSNL seeks to raise Rs 40,000 crore to deploy locally developed 4G sites and pay off debt: PK Purwar

The state-owned Bharat Sanchar Nigam Ltd (BSNL) is seeking a sovereign guarantee from the Center to raise around 40,000 crore rupees to repay debt and cover its capital expenditure (capex) for the deployment of new generation networks “made in France. India ”, since the land monetization process has slowed down …

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Gujarat’s outstanding debt increases by 10% to RS 3.15 lakh cr in fiscal year 2020: CAG

As for Gujarat’s per capita income, it remained at Rs 2,54,789 in 2019-2020, which is 68% more than the whole India average of Rs 1,51,677. Gujarat’s total outstanding liabilities increased 10.36% year on year to around Rs 3.15 lakh crore in 2019-2020, according to latest Comptroller and Auditor General of …

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Ghana: the BoG maintains its key rate at 13.5%

The Bank of Ghana’s (BoG) Monetary Policy Committee (MPC) for the third consecutive time held the policy rate at 13.5%, citing fairly balanced risks to inflation and growth in the outlook. By reducing the policy rate by 100 basis points from 14.5% in March 2021 to 13.5% in May 2021, …

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IL&FS Financial Services will sell 62 NPA accounts worth Rs 4,300 cr

IL&FS Financial Services (IFIN) has put up for sale its portfolio of non-performing assets (NPA) of approximately Rs 4,300 crore as part of a plan to reduce the group’s overall debt. The sale of NPA would take place within the framework of the Swiss Challenge, the new board of directors …

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Electricity projects: banks are put off by the increase in circular debt

ISLAMABAD: The country’s commercial banks have reportedly refused to finance power projects due to historic circular debt in the energy sector, which reached Rs 2.327 trillion as of August 31, 2021. This was revealed by senior officials of the Ministry of Energy (Energy Division). The Ministry of Energy requested a …

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