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he Union finance ministry pays more than Rs 10,000 crore every year as interest on delayed IT refunds. In the five years till 2010-11, it had paid over Rs 37,000 crore as interest, and without the approval of Parliament or any budgetary provision.
High interest payments hurt Reliance Infrastructure Ltd's profits in Q4 and the full fiscal. Interest costs doubled to Rs 419 crore in Q4 and Rs 1,336 crore for the full fiscal. Th...
The current US National Debt is over $14.8 Trillion. Much of this debt is owed to U.S. residents. Among the external creditors, China is the largest holder of U.S. debt.
The U.S. spends a large portion of its budget each year in the form of...
Failure to pay will trigger default in 30 days
* Talks with debt holders to deleverage are ongoing
* Company could be looking for a buyer (Adds analysts' comments, background)
By Nichola Groom
LOS ANGELES, July 15 (Reuters) - U.S....
Submitted by Peter Tchir of TF Market AdvisorsDebt Service Is Growing Rapidly and Will Dwarf other Budget Line ItemsAsides from the fact that I don’t see how people can believe the deficit doesn’t matter, let’s take a quick look at t...
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