Bharti Airtel

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.  

Fri, 17 Dec 2021 - 04:41 PM / by Brijesh Goswami

Tags: Airtel, Liabilities, Spectrum, Pre-payment, Telenor

PM Narendra Modi

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.

Thu, 15 Oct 2020 - 06:28 PM / by Mahadevan K V

Tags: PM Modi, Liabilities, Assets, Properties

Courtesy: Live Mint

Representational image of Indian Currency

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.

Sat, 19 Sep 2020 - 04:07 PM / by Nitesh Kumar Singh

Tags: Liabilities, Government borrowings, FINANCE MINISTRY, Covid-19, Indian Economy

Courtesy: Financial Express