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    Bail Out Package

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    • Discom debt recast: No immediate impact on banks

      The government bail out package for cash-strapped state power distribution companies (Discoms) is unlikely to have any immediate impact on banks, which had loaned them. However, lenders are expected to get long term benefits provided the scheme is implemented right in time, analysts tracking banks said.

    • No bailout package for private airlines: Govt

      Government today said no proposal for any kind of bail out package for loss making private airlines was under its consideration.

    • G20 crucial given fragile state of world economy: StanChart

      International markets where spooked by a sudden change in stance by Greece's PM calling for a referendum to discuss the bail out package. Calling it an 'unexpected' development, economics Gerard Lyons of Standard Chartered said, the upcoming G20 Summit meet now becomes very crucial given the fragile state of the world economy.

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