Debt Crisis in India-Will Chinese Banks Bail Out More Indian Companies?

[Chinese-Dragon]

Its Riaz Haq again.

The data comes from the Reserve Bank of India.

India’s total external public debt has risen to $326 billion while foreign exchange reserves have dropped to $293 billion, according to the RBI data reported by the Indian Express newspaper.

The Reserve Bank of India is concerned over the increasing shift from equity to debt to fill India's widening current account gap.

Are they wrong?

 

[nalandapride]

Pakistan's international debt is some $67 Billion for exchange reserve $16 Billion exchange reserve but Mr. Riaz Haq sees golden economy of Pakistan but started speculation on Indian economy and Moody's or Standards And Poor's rating will only tell how much debt crisis India is going to have. Not by some 2 cent news.

 

[haywards]

https://www.google.com/search?q=india+debt+crissic&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a#q=india+debt+crisis&hl=en&client=firefox-a&hs=TI8&rls=org.mozilla:en-US:official&prmd=imvnsu&source=lnms&tbm=nws&ei=EIonT_G2Fo-srAeUx-HdAQ&sa=X&oi=mode_link&ct=mode&cd=5&ved=0CA8Q_AUoBA&bav=on.2,or.r_gc.r_pw.r_cp.,cf.osb&fp=abdee18b403c32c5&biw=1440&bih=697

i couldn't find please share the link....

 

[STEELMAN]

How raising fund through FCCB can be compare of bailing out any company. Its a way of doing Business its not a new thing any company in world raises fund from the cheapest and easily available medium , and remember Chinese Banks have given loan not under any obligation.As a banker no Bank will risk there money on sinking ship.

 

[desiman]

Haq's musings, no need to read any further.

 

[anonymus]

Imbecile,

Learn to spell Debt first.

This is the fourth time a thread has been opened on same issue.

 

[Infinity]

30, January, 2012

India’s total external public debt has risen to $326 billion while foreign exchange reserves have dropped to $293 billion, according to the RBI data reported by the Indian Express newspaper.

The Reserve Bank of India is concerned over the increasing shift from equity to debt to fill India's widening current account gap. The latest available data indicates that foreign debt inflows in January so far have amounted to $3.21 billion versus $1.7 billion through equity inflows.

Recent $1.1 billion bail-out of Reliance Communications by state-owned Chinese banks is the clearest indication yet that the situation is also becoming dire in India's private sector with its mounting foreign debt.

http://img4.bbs.**********/uploadfiles/images/2012/01/31/0131135720648.JPG

Haq's Musings: Is India Heading Toward Debt Crisis?

---------- Post added at 02:56 PM ---------- Previous post was at 02:55 PM ----------

Debt inflows $ outflow all are very DANGEROUS!

You are quoting a Blog of our Pakistani friend settled in US who is more worried about India than his country.............
Good going...............wolf in sheep skin.............wow

 

[shuntmaster]

Recent $1.1 billion bail-out of Reliance Communications by state-owned Chinese banks is the clearest indication yet that the situation is also becoming dire in India's private sector with its mounting foreign debt.
[/url]

The author doesn't seem to know the difference between bail-out funding and loan.. or loan restructuring.

Reliance Communications gets $1.18 bn loan from China banks

New Delhi: Chinese state banks have agreed to lend $1.18 billion to Indian billionaire Anil Ambani's debt-laden mobile carrier Reliance Communications to repay overseas convertible bonds due for redemption on March 1.
India's No 2 mobile operator by subscribers had $6.5 billion in debt as of end-September and ferocious competition has seen it post nine straight quarters of declining profits.
It has struggled to unload its telecoms tower business, which is up for sale as the company looks to raise funds to cut its debts. The company is said to be asking about $4 billion for its Reliance Infratel tower unit.

These sort of things are very much part and parcel of business operations.

 

[Infinity]

Sir,

Since you have plenty of money why don,t you bail us our debts.............ho forgot you should bail Pakistan debts first............

 

[below_freezing]

May be bcz salary for Indian staff is quite high.

Indian teacher Parijat Saha finds $9.8 billion in his bank account
In VN, teacher's salary is about 100-200 USD only, how about in China ??

this is one of the biggest job websites in China. I typed in teacher.

¡¾½ÌʦÕÐƸ£¬ÇóÖ°¡¿-Ç°³ÌÎÞÓÇ

Mode monthly salary is 3000-4499 RMB with 4000+ hits. 3000-4500 RMB per month is 450-700 USD.
the categories below and above each have 1000+ hits.

however, teachers wages are top heavy, with 1300 jobs who have salaries from 4500 to 50000 RMB per month, but only 300 jobs with below 2000 RMB per month.

 

[riju78]

I love riaz haq.. he should be given Indian citizenship... Cos he worries abt Indian economy and future more than any average Indian or actually even more than our MMS ..

 

[Chinese-Dragon]

I love riaz haq.. he should be given Indian citizenship... Cos he worries abt Indian economy and future more than any average Indian or actually even more than our MMS ..

The source for the data is the Reserve Bank of India.

 

[lamlap]

Debt % of Total GDP


Portugal = 92%
-------------------
India = 78%
-------------------
France = 67%
Spain = 60%
UK = 47%


Investors cue up Portugal as the next Greece | Reuters
Portuguese Borrowing Costs Hit New Record - WSJ.com


http://img4.bbs.**********/uploadfiles/images/2012/01/30/0130084508538.JPG

List of countries by public debt - Wikipedia, the free encyclopedia[/QUOTE]


From Davidson

 

[shuntmaster]

How raising fund through FCCB can be compare of bailing out any company. Its a way of doing Business its not a new thing any company in world raises fund from the cheapest and easily available medium , and remember Chinese Banks have given loan not under any obligation.As a banker no Bank will risk there money on sinking ship.

Riazhaq has no idea about how the financial system works. He is just a classic anti-India troll, who likes to give a spin to any negative news on India.

 

[Huan]

C'mon India, stop buying so much expensive weapons. You got a major debt to pay down. ^^