Photo: Altiostar
Airtel Pays Off Deferred Liabilities Of Rs 15,519 Crore
Bharti Airtel reportedly paid Rs 15,519 crore to the government to clear its deferred liabilities for spectrum acquired in the 2014 auction, on December 17. The company expects the pre-payment will help to save at least Rs 3,400 crore. Reportedly, it acquired the spectrum for Rs 19,051 crore. ''These liabilities were due in annual installments from FY 2026-2027 to 2031-2032 and carried an interest rate of 10%,'' said Airtel.
Tags: Airtel, Liabilities, Spectrum, Pre-payment, Telenor
Courtesy: United News Of India
Photo: India Today
PM Narendra Modi Neither Owns Car Nor Has Any Debt
With an overall property worth Rs 2.85 crore, Prime Minister Narendra Modi neither owns a car nor has any debt, revealed PM's declaration on his wealth. The declaration stated that he holds a plot and house worth Rs 1.1 crore in Gandhinagar. Besides, he has Rs 3.38 lakh in savings account, and has not invested in equity funds. Reportedly, his wealth upped by Rs 36 lakh from the previous year.
Tags: PM Modi, Liabilities, Assets, Properties
Courtesy: Live Mint
Photo: Economic Times
Government's Debt Surges by 7.1% At the End of June Quarter
A quarterly (April-June) report of Finance Ministry showed the Centre's total debt has increased to Rs 101.35 lakh crore, a 7.1% increase from the previous quarter. Besides, to overcome the revenue deficit, the government issued securities worth Rs 3,46,000 crore in the June-end quarter as against Rs 2,21,000 crore in the same period last year. The ministry said the borrowings have surged due to extra burden of COVID-19 on finances.
Tags: Liabilities, Government borrowings, FINANCE MINISTRY, Covid-19, Indian Economy
Courtesy: Financial Express
