State-owned firms resist pressure to help banks with bad debt – The New Indian Express

NEW DELHI: Indian government is pushing state-owned steel, power and shipping firms to take over assets of private companies that have defaulted on loans, but faces resistance from them, leaving it scrambling to clear a $135 billion pile of stressed loans from banks’ books. Over the past two years, Prime Minister Narendra Modi’s government has…

Why teachers and social workers worry they won’t get the student … – MarketWatch

Desirée Ward shuttled between two Central Texas community colleges for five years, sometimes teaching seven writing and humanities courses in a single semester. The pay isnt great, and theres no health insurance or retirement plan. But she loves teaching, particularly to first-generation college students like herself, and shes had another reason to stic… Read the…

RBI has issued directions to help debt-burden steel producers: Arun Sharma – Business Standard

With the steel ministry encouraging capacity enhancement in the domestic market to double per-capita consumption, lightening of companies debt burden is also a crucial requirement of the industry. Steel Secretary ARUNA SHARMA talks to Aditi Divekar about the ministrys plan to help the six most heavily indebted steel companies. Edited excerpts: Whats…

Canberra Railway Museum closes its doors as organisation manages debt – The Canberra Times

The Canberra Railway Museum has shut its doors while it undertakes a restructure after falling more than half a million dollars in debt. The operation was struck by a series of blows after starting its own freight company to subsidise popular but expensive passenger trips on its heritage trains. The Canberra Railway Museum’s Garry Reynolds with some of the carriages…