India will muddle along until the debt crisis hits

Jim Rogers, the successful speculator, is not encouraged by the budget and says that India is sitting on a fiscal time bomb.

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    COMMENTS

    Shadi Katyal

    9 years ago

    India has been muddling along and that is why it will never achieve her capability.
    we have closed minds and think world is made of fools but we know the best.
    Wake up and look at the inflation due to deficit financing by center and states.
    Why is investment not flowing in as it did in China because we do muddle along.
    I agree with Mr. rogers that unless we completely liberlise and let foreign investment flow we will never achieve optimum.
    Social problems and poverty can be solved with industrialization of the nation and not by Reservations and
    quota system.
    How long people can suffer with high inflation of 15-17%.Donot get smug by fooling people with this budget. Think positively and move.

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    Ballarpur Industries raises Rs300 crore from promoter group

    Ballarpur Industries has raised Rs300 crore through share sale and issue of bonds to a promoter group—BILT Paper Holdings Ltd—on a preferential basis

    Ballarpur Industries Ltd, India's largest manufacturer of writing and printing (W&P) paper, on Thursday said that it has raised Rs300 crore through share sale and issue of bonds to a promoter group—BILT Paper Holdings Ltd—on a preferential basis, reports PTI.

    The committee of directors of borrowing has allotted 4.5 crore shares at Rs30 per share, aggregating to Rs135 crore and 5.5 crore bonds at Rs30, totalling to Rs165 crore, Ballarpur Industries said in a filing to the Bombay Stock Exchange.

    The securities under the preferential offer would be subject to a lock-in period of three years from the date of allotment, the filing added.

    The company also allotted 5.5 crore zero-coupon compulsory convertible bonds. The bonds would be convertible into the same amount of equity shares of the face value of Rs2 each of the company, at the option of the promoter any time within 18 months from the date of allotment.
     

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