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'TN's finances are a mess, it's not going to be easy'

'We have about Rs 4 lakh crore debt on a state budget of about Rs 1.5 lakh crore.''We are in a debt two-and-a-half times our annual budget,' says the banker who would have been Tamil Nadu's finance......

Man's body found hanging from a tree near Parliament

A 30-page suicide note was found on him, indicating he was steeped in debt because of cricket betting. A 39-year-old man allegedly committed suicide by hanging himself from a tree......

Techies raise funds to repay loans of 121 Vidarbha farmers

  In a noble move, a group of IT professionals has come together to raise funds for repaying loans of over 100 debt-ridden farmers in drought-hit Vidarbha region, notorious for farmer......

What drove a 26-year-old farmer to suicide?

Farming and debt go together in Tamil Nadu's Ariyalur district.There are those who have learnt to live with it and others like Alagar who could not cope with the loss.A Ganesh Nadar/Rediff.com......

Thane mass murderer was stuck in debt of Rs 67 lakh

Thane massacre accused Hasnain Warekar, who mercilessly butchered 14 members of his family before ending his life, had heavily borrowed money from his relatives and was steeped in a huge debt of......

Debt hurdle for Adani's buying spree

  Power company leads with loans of Rs 49,129 crore (Rs 491.29 billion); ports owe Rs 19,000 crore (Rs 190 billion); Australian mining project could suffer, say analysts The Adani group has......

SBI downplays 'debt mountain' of India Inc

Say their aggregate borrowings were "well within the norms" Amid a continuing debate on soaring bad loans of corporates, an SBI study on Monday sought to downplay the concerns over high debt......

India shows China the way to deal with bad debt

While Modi must worry about the electoral backlash of bailing out state-owned banks, China's communist rulers face fewer constraints, says Peter Thal Larsen. Image: While Indian authorities......

Where is the surplus to service the railways' debt?

The national carrier is deprived of what is the cheapest and best form of funding for healthy business growth -- internal resources. The Union railway minister, Suresh Prabhu, has drawn the......

Modi govt eyes cleanup of bad debt mountain as wary state banks hesitate

India's $121 billion troubled debt pile, over $100 billion of which is on the books of state-owned banks, has come under close scrutiny from prosecutors, the media and politicians India is......

Golfer Mickelson embroiled in trading scandal

Gambling debt, stock tip lead to $1 million settlement but no charges for golfer Phil Mickelson ‘Mickelson made money that wasn't his to make’ IMAGE: Phil Mickelson of the United......
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China's wary lenders force rust-belt country to take expensive shadow bank loans

SHANGHAI Mainstream lenders in China are squeezing borrowers in the country's rust-belt provinces, forcing firms to take on higher interest-rate... ...

http://in.reuters.com/article/china-debt-shadow-idINKCN0YF2YC?type=economicNews
After benefits of cheap oil, India counts cost of reduced Gulf remittances

By Neha Dasgupta and Rajesh Kumar Singh NEW DELHI, May 25 (Reuters) - Having quit his low-paid jobwith a contractor in Qatar, electrician Kurian... ...

http://www.sify.com/finance/after-benefits-of-cheap-oil-india-counts-cost-of-reduced-gulf-remittances-news-others-qfzeEgfihibhj.html
Government clearances have got faster but lack of promoter interest stalls projects

The problem for a lot of private developers, though, is that they are weighed down by surging interest costs amid delayed revenue streams. Lackof... ...

http://indianexpress.com/article/india/india-news-india/centre-for-monitoring-indian-economy-rbi-indian-economy-land-acquisition-2817781/
Morgan Stanley

By David Scutt NEW YORK: Don't get too excited about the rally in emerging markets over the past three months. According to Morgan Stanley's... ...

http://economictimes.indiatimes.com/markets/stocks/news/pillars-holding-emerging-markets-crumbling-morgan-stanley/articleshow/52426042.cms
11 New Videos and Podcasts Added to The Divorce School Curriculum

The Divorce School has released 11 new videos and podcasts for its spring semester. Sign up today before the semester ends on June 30. Toronto,... ...

http://www.bizwireexpress.com/showstoryPRWeb.php?storyid=519313

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