Tag Archives: Bankrupt

Punjab bleeding itself to stay afloat

Punjab: Deprived of cash flow and faced with a huge subsidy bill, the cash-strapped Punjab government has virtually been selling off over Rs 400 crore of its government securities each month this year, in order to stay afloat. Since January 2009, the Punjab government has raised Rs 3,458 crore by getting its state development loans (SDL) auctioned through the Reserve ...

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