Search For "debt crisis"
Gujarat, Odisha fare well on fiscal front; Punjab under pressure amid high
Updated : 2 months, 1 week ago IST
Gujarat and Odisha have emerged relatively better placed in terms of fiscal performance, with manageable levels of debt and deficits, while Punjab continues to face pressure due to elevated debt and interest burden, according to a report by CareEdge Ratings.
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"DMK government is a 'failure model,' I urge voters to support AIADMK": Ed
Updated : 2 months, 1 week ago IST
AIADMK Chief Edappadi K Palaniswami on Sunday launched a scathing attack on the DMK government in Tamil Nadu, blending sharp financial allegations with a sweeping 'welfare blitz' aimed at the upcoming elections.
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UN Secretary-General Guterres launches Sevilla forum to tackle debt crisis
Updated : 7 months, 1 week ago IST
UN Secretary-General Antonio Guterres on Wednesday launched the Sevilla Forum on Debt, highlighting that developing countries face crushing debt, spending more on repayments than on health and education. He stressed the need for fair borrowing, debt restructuring, and a global platform to
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Legals365 Shields Borrowers Amid India's Debt Crisis, 3,000 Protected and
Updated : 9 months ago IST
New Delhi [India], August 26: Debt has become a growing challenge in India, affecting families, small businesses, and large companies alike. Many are struggling with long repayment cycles and mounting pressure, which often disrupts stability and peace of mind. It is in this backdrop that Leg
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CPEC dues soar to PKR 423 billion amid Pakistan's fiscal mismanagement, mo
Updated : 9 months, 3 weeks ago IST
Despite repeated promises and agreements, the Pakistani government has once again failed to honour its financial commitments under the China-Pakistan Economic Corridor (CPEC), with outstanding payments to Chinese power producers ballooning to PKR 423 billion by June 2025, The Express Tribune
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India helping Maldives stabilise its "stressful financial" situation: Fore
Updated : 9 months, 3 weeks ago IST
Foreign Secretary Vikram Misri on Tuesday stated that India has been lending a "helping hand" to the Maldives to stabilise its "stressful financial" situation, highlighting New Delhi's role in bolstering the island nation's foreign exchange reserves through significant financial assistanc
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China sees surge in worker protests over unpaid wages amid deepening local
Updated : 1 year ago IST
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.
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"Don't think that Maldives can prosper without...India": Former President
Updated : 1 year, 2 months ago IST
Nasheed's comments come as the Maldives faces a mounting debt crisis, exacerbated by China's lending practices and trade policies.
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China's lending practices push Maldives toward sovereign default
Updated : 1 year, 2 months ago IST
The Maldives is grappling with a mounting debt crisis that threatens its economic sovereignty, as foreign exchange reserves dwindle to precarious levels while substantial debt repayments loom.
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Pakistan's humungous internal borrowings push it towards a double debt cri
Updated : 1 year, 8 months ago IST
Pakistan currently finds itself in a double-edged debt trap. The entire budget of the country goes into domestic and foreign debt servicing, which consumes its tax revenue, hence, the country is forced to rely on its internal borrowing for survival.
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Pak: Inefficient power plants worsening circular debt crisis, report says
Updated : 2 years ago IST
Titled 'Circular Debt Reduction Is Possible In a Single Click to Save Pakistan from Financial Catastrophe and Destabilisation,' the report highlights the deliberate non-use or under-utilisation of efficient power plants, alongside continued payments to highly inefficient and outdated ones, a
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Global debt crisis impacting nearly 95 countries: G20 Sherpa Amitabh Kant
Updated : 2 years ago IST
The Russia-Ukraine war and the ongoing tensions in the Middle East pose a significant challenge for global stability and economics, said G20 Sherpa Amitabh Kant while speaking at an event in Delhi.
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