Workers across China, from the northern province of Hebei to the southern autonomous region of Guangxi, which borders Vietnam, and eastward to the coastal province of Guangdong, are bearing the brunt of cash-strapped local governments seeking survival strategies during the economic downturn.
The Supreme Court on Thursday set aside the National Company Law Appellate Tribunal (NCLAT) order which has allowed cash-strapped Jet Airways ownership transfer to Jalan-Kalrock Consortium (JKC). The apex court order came after the resolution plan approved by NCLAT was not implemented for ov
India today granted cash-strapped Maldives a USD100 million Treasury bills roll over, in addition to both sides inking a USD 400 million and Rs 3,000 crore currency swap agreement.
The Chinese authorities have planned to use regional bonds to fund their project of purchasing idle land from cash-strapped property developers of China intended for the construction of affordable housing
Amid the economic crisis, the cash-strapped Pakistan Prime Minister Shehbaz Sharif showed his willingness to talk with India and stressed that there is "nothing against anyone".
Pakistan's Army Chief Syed Asim Munir underlined the need to make the country self-reliant to end the dependency on foreign loans, which recently the cash-strapped nation secured with the International Monetary Fund (IMF).
Amid the worsening economic situation in Pakistan, the cash-strapped country's Punjab government released a whopping Pakistani Rupee (Rs) 2.3 billion to purchase new vehicles for its officials.
Pakistan is already struggling to find stability in politics and now, the cash-strapped country is seeing a slow pace of inflows as only USD 8.1 billion receipts in 10 months of this fiscal year stood at just 35.5 per cent of the USD 22.8 billion full-year budget target
The current fiscal year is nearing its end with extraordinarily tight fiscal positions and the austerity policy of the PDM government in Pakistan, but discretionary spending on development schemes for constituencies of parliamentarians of the coalition partners and publicity continues to gro