Sunday, December 25, 2011

India May Borrow $9.5 Billion Pledging Assets

India plans to borrow as much as $9.5 billion using land and shares as collateral in an effort to narrow a budget deficit


India’s plan to boost food subsidies by 50 percent is threatening efforts to cut the budget deficit, extending the biggest jump in bond risk among the largest developing nations.



So, what does the PM have to say on this?
Manmohan Singh slammed India Inc. for making unwanted and hasty “negative remarks” on government policies, reforms agenda and economic situation.

No comments: