Finance ministry says Rs10.1trn SOE debt is not fresh bank borrowing
The Finance Division on Thursday rejected a media report on the debt of state-owned enterprises (SOEs), saying it compared two datasets that are not on a like-for-like basis and could create the incorrect impression that SOEs had taken on Rs1.3 trillion in ne...
The Finance Division on Thursday rejected a media report on the debt of state-owned enterprises (SOEs), saying it compared two datasets that are not on a like-for-like basis and could create the incorrect impression that SOEs had taken on Rs1.3 trillion in new loans. In a clarification issued in response to a report titled “SOEs’ debt soars to Rs10.1 trillion,” the ministry said the figure reported by the Central Mo...