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In a statement here, senior leader Maheshinder Singh Grewal said it was shocking that the government was on a borrowing spree but had nothing to show as far as capital creation was concerned.
The National Financial Reporting Authority had issued a circular to all companies and their audit committees to follow Indian Accounting Standards (Ind AS) and advised them not to discontinue recognition of the principal or interest merely because of the borrowings being declared a non-performing asset (NPA) or the management's expectation of a likely settlement with or without concessions from the banks.
This independent human being gets to live or die. >> disgusting. >> sick. >> if you look at her voting record. it shows when a bill was presented to her, to vote on, to say the baby who would survive zana borrowings to give that baby treatment. >> yeah. >> she voted no. she would rather have a baby die in a cold metal tray. >> she said she's more tax cuts but 13 times she had an opportunity to cut taxes and did no how does she say that with a straight face? >> i don't know. she says a lot of uhs and ads. >> she couldn't answer a simple question how is your relation with the spanish american co...
A package of bank credit extended with a sovereign guarantee could effect a sharp fiscal correction
And it’s not just China. The World Bank estimates Japan accounts for US$3.5 billion and India US$1 billion of Sri Lanka’s US$63 billion external debt. Beijing’s lending adds up to an estimated US$7 billion.