Work on Karnataka's Ballari jeans park gains momentum
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India.com
17 minutes ago
- India.com
Bad news for Shehbaz Sharif as Pakistan nears bankruptcy, will soon face Rs 650000000000 'bomb' due to....
Rs 7500 crore drones, intelligence and Jihad: Pakistan and this Muslim country planning big conspiracy against India, trying to… New Delhi: Bankrupt Pakistan is likely to witness more financial crunch in the current financial year. According to the reports, if Pakistan fails to repay a debt of Rs 6.50 lakh crore (approximately USD 23 billion) during this period, a default is likely. Citing Pakistan's Economic Survey 2024–25, The News reported that the government is required to repay USD 23 billion in debt during 2025–26. Failure to do so could push the country to the brink of default. The country's total public debt stood at Rs 76.01 trillion by the end of March 2025. This includes Rs 51.52 trillion in domestic borrowing (approximately USD 180 billion) and Rs 24.49 trillion (around USD 87.4 billion) in external loans. The external debt is divided into two parts: funds borrowed directly by the government and loans received from the IMF. This debt has accumulated over years due to economic mismanagement, temporary funding solutions, and repeated bailouts. However, the repayment demands for this year have exposed how little room the government has left to maneuver. USD 12 Billion in Temporary Deposits The bankrupt Pakistan is required to repay USD 23 billion this year. To meet this obligation, USD 12 billion will be received as temporary deposit amounts from four of its friendly countries. These include USD 5 billion from Saudi Arabia, USD 4 billion from China, USD 2 billion from the United Arab Emirates, and USD 1 billion from Qatar. Here are some of the key details: Pakistan is required to repay USD 23 billion this year. USD 12 billion will be received as temporary deposit amounts from China, UAE, Saudi Arabia and Qatar. USD 5 billion from Saudi Arabia, USD 4 billion from China, USD 2 billion from the United Arab Emirates, and USD 1 billion from Qatar. If any of these countries decide to withdraw their support, Pakistan will have to repay the entire amount within this year. The News has warned that if these friendly nations refuse to extend the rollover of their deposits, the situation could deteriorate further. This would make repayment unavoidable for the government, pushing it to rely more on diplomatic goodwill than on financial strength. And there are signs that even that goodwill is weakening. USD 11 Billion in Payments Still Pending The Shehbaz Sharif government still has to pay around USD 11 billion to external creditors this year even if all its temporary deposits are rolled over. This includes USD 1.7 billion in international bonds, USD 2.3 billion in commercial loans, USD 2.8 billion to institutions like the World Bank, Asian Development Bank, Islamic Development Bank, and Asian Infrastructure Investment Bank, and $1.8 billion in bilateral loans. This financial burden comes at a time when Pakistan's foreign exchange reserves are already under pressure. The country has limited sources of new income and is still awaiting a new extended programme from the IMF.
Time of India
17 minutes ago
- Time of India
205% return on Sovereign Gold Bonds: RBI announces redemption price of this SGB
How is SGB redemption price calculated? Academy Empower your mind, elevate your skills What is the redemption price of SGB 2018-19 Series-V? Returns on premature redemption of SGBs Interest payment on SGB What are Sovereign Gold Bonds (SGBs)? Important FAQs on SGBs Can I encash the gold bond at any time? Is premature redemption allowed? What do I have to do if I want to exit my SGB investment? The Reserve Bank of India (RBI) has announced the premature redemption price for Sovereign Gold Bonds (SGB) 2018-19 Series-V. The SGB is due for premature redemption on Tuesday, July 22, 2025. Gold bonds mature 8 years from the date of issuance, and premature redemption of SGBs is permitted only after the completion of the fifth year from the date of Wealth Online tells you the premature redemption price, the returns you will earn if you opt for premature redemption and other important to an RBI press release dated July 21, 2025, "The redemption price of SGB shall be based on the simple average of the closing gold price of 999 purity of the previous three business days from the date of redemption, as published by the India Bullion and Jewellers Association Ltd (IBJA)."The redemption price of Sovereign Gold Bonds due for premature redemption due on July 22, 2025, will be Rs 9,820 per unit of SGB based on the simple average of the closing gold price for the three business days i.e. July 17, 2025, July 18, 2025 and July 21, SGB 2018-19 Series-V, was issued at Rs 3214 per gram in January 2019. So, the absolute return comes to Rs 9,820 - Rs 3214 = Rs 6,606 (without factoring in the interest). In percentage terms, it comes to 205.56%Gold bonds offer an interest rate of 2.50% (fixed rate) per annum on the initial investment amount. Interest will be credited semi-annually to the investor's bank account, and the last interest payment will be made on maturity, along with the are government securities denominated in grams of gold. They are substitutes for holding physical gold. Investors must pay the issue price in cash, and the bonds will be redeemed in cash upon maturity. The Reserve Bank of India issues the bond on behalf of the Government of Reserve Bank of India (RBI) had announced the premature redemption price for Sovereign Gold Bonds (SGB) Series-IV which was due on July 14, the tenor of the bond is 8 years, early encashment/redemption of the bond is allowed after the fifth year from the date of issue on coupon payment dates. The bond will be tradable on exchanges if held in demat form. It can also be transferred to any other eligible case of premature redemption, investors can approach the concerned bank/SHCIL offices/Post Office/agent thirty days before the coupon payment date. Requests for premature redemption can only be entertained if the investor approaches the concerned bank/post office at least one day before the coupon payment date. The proceeds will be credited to the customer's bank account provided at the time of applying for the bond.
Time of India
17 minutes ago
- Time of India
Paytm shares continue rally on profit expectations ahead of Q1 results
Academy Empower your mind, elevate your skills Shares of Paytm parent One97 Communications has risen over 6% in the week leading up to its June quarter results. The fintech major reclaimed the Rs 1,000-mark last week, following business recovery and topline stock was trading 3% higher at Rs 1,049.75 as of 11:05 am, close to its 52-week high of Rs 1,063. Meanwhile, the Sensex saw a marginal rise of 0.07%. The counter has gained nearly 132% in the past 12 months, according to BSE mean of target price for Paytm shares from 16 analysts polled by ET stands at Rs 966, implying a downside of 5%.Paytm is expected to post strong financials for the June quarter, swinging to profit compared to a loss in the year-ago period. The company had reported a net loss in the last quarter on account of an one-timePaytm's parent saw its consolidated net loss slightly narrow to Rs 540 crore in the three months ended March 2025, from a Rs 550 crore loss in the same quarter last year. The company had stated that its bottom line, without exceptional losses, is at a breakeven point. Operational revenue declined 16% year-on-year to Rs 1,912 crore in Q4FY25 from Rs 2,267 crore a year ago. The company is scheduled to post its financial results for the June quarter on July has been recovering after being hit by regulatory actions last year. The company got approval from the National Payments Corporation of India (NPCI) last October to restart onboarding Unified Payments Interface (UPI) customers after an eight-month ban. The licence came after the Reserve Bank of India advised the UPI operator to review Paytm's request to become a third-party application provider (TPAP) and diversify app providers to reduce concentration then, the digital payments platform has been working to add UPI customers through its partner banks: Yes Bank HDFC Bank and State Bank of India The company is also gradually improving its business metrics, led by healthy momentum in the merchant business, according to brokerage Motilal Oswal. Meanwhile, disbursement volumes and gross merchandise value (GMV) are also growing at a steady has expressed strong confidence in its merchant loan distribution business, where it assists with both distribution and company has now begun providing a Default Loss Guarantee (DLG) for select portfolios with specific lenders. This move, according to Paytm, will help expand its merchant base and enhance its financial services revenue in the long term.
