Search For "chinese loan"
Efforts taken to ensure people not cheated by "dubious" Chinese loan apps:
Updated : 3 years, 5 months ago IST
Union finance minister Nirmala Sitharaman on Friday, while participating in the Zero Hour session in the Rajya Sabha, said the Reserve Bank of India and various central government ministries are making efforts to ensure people are not cheated by "dubious" Chinese loan apps.
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Djibouti struggles to repay Chinese loan, suspends debt repayments
Updated : 3 years, 5 months ago IST
The World Bank has in its latest report on Djibouti, stated that in 2022, Djibouti's debt servicing costs tripled to USD 184 million from USD 54 million in 2021. A further increase to USD 266 million has been predicted for 2023.
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China-funded secret railway contract unearthed in Kenya: Report
Updated : 3 years, 6 months ago IST
The USD 4.7 billion rail project known as the Standard Gauge Railway starts from Kenya's coastal region, began five years ago and has become the focus of multiple criminal investigations, weighing down the country's economy with debt.
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China may seize Kenyan asset amid mounting debts
Updated : 3 years, 7 months ago IST
Nairobi [Kenya], October 22 (ANI): Accumulated Chinese loans pushed Kenya near default and Beijing may seize Kenyan assets if it could not pay its debts.
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All our operations adhere to regulatory guidelines, no funds frozen: Razor
Updated : 3 years, 7 months ago IST
New Delhi [India], October 22 (ANI): Payments solution provider Razorpay, which was raided by the Enforcement Directorate recently, in a statement said that it has cooperated with the agency and its funds have not been frozen.
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China fines Kenya Sh1.31 billion for defaulting on railway loans
Updated : 3 years, 7 months ago IST
Nairobi [Kenya], October 15 (ANI): Chinese banks have fined Kenya 1.312 billion Kenyan shillings in the year ended June for defaults on loans provided to build the standard gauge railway (SGR), according to Treasury documents seen by Business Daily Africa.
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West Asia and North Africa region need to be prudent with Chinese debt-tra
Updated : 3 years, 7 months ago IST
Beijing [China], October 14 (ANI): West Asia and North African regions need to tread cautiously when lending Chinese contracts as by expanding its regional footprints, China is pursuing its policy of gradually laying down the debt trap and turning these regions into its economic colonies, me
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Chinese officials in poor countries face unpleasant jobs as debt collector
Updated : 3 years, 7 months ago IST
Beijing [China], October 9 (ANI): Across much of the developing world, China finds itself in an uncomfortable position as the world's debt collector amid rising inflation and a weakening global economy.
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South-East Asian nations show red card to China through economic means
Updated : 3 years, 8 months ago IST
Jakarta [Indonesia], September 21 (ANI): China has not been able to strike strategic takeovers with South-East Asian nations as the countries have complimented their own development with China's economic growth and have been able to dodge the communist nations' debt-trap diplomacy.
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China goes easy on foreign lending as BRI loans mounts
Updated : 3 years, 8 months ago IST
Dalian [China], September 21 (ANI): China's flagship Belt and Road Initiative (BRI) has hit a snag, with many loans to emerging economies falling into repayment troubles, forcing Beijing to scale back on lending.
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Funds frozen by ED don't belong to Paytm, clarifies company
Updated : 3 years, 8 months ago IST
New Delhi [India], September 16 (ANI): Fintech solutions provider One 97 Communications, which operates the popular payment platform Paytm, dismissed reports that said its bank accounts were frozen after recent raids by the Enforcement Directorate (ED) in connection with the Chinese loan app
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ED freezes Rs 46.67 cr of Easebuzz, Razorpay, Cashfree, Paytm in Chinese l
Updated : 3 years, 8 months ago IST
New Delhi [India], September 16 (ANI): The Enforcement Directorate (ED) has detected and freezed Rs 46.67 crore kept in various bank accounts and virtual accounts of Easebuzz, Razorpay, Cashfree and Paytm after recent raids in connection with Chinese loan app case, the agency said on Frid
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