Search For "debt trap"
Calls grow for alternative to China's BRI as Beijing suffers severe reputa
Updated : 4 years, 11 months ago IST
Beijing [China], April 7 (ANI): Despite Chinese President Xi Jinping's Belt and Road Initiative (BRI) touted as a 'win-win' step over 140 targeted countries across the globe, recipient countries have realised that Beijing's aid was not as much of a kind gesture as they had hoped, hitting Bei
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Telangana govt taking around Rs 50,000 cr as loans every year, state may l
Updated : 5 years ago IST
Hyderabad (Telangana) [India], March 19 (ANI): Telangana Congress Legislative Party (CLP) Leader Batti Vikramarka on Thursday said the state government is taking around Rs 50,000 crores as loans every year and claimed that Telangana may land into a "debt trap" if this continues.
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Padma Rail Link Project: Bangladesh Railways Ministry dismisses fund crunc
Updated : 5 years ago IST
Dhaka [Bangladesh], February 26 (ANI): The Bangladesh Railways Ministry on Thursday dismissed allegations made by China Railway Group Ltd (CREC), the contractor for the Padma Bridge Rail Link Project (PBRLP), that a fund crisis had slowed down the implementation of the project, reported Dhak
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China's debt-trap diplomacy: Pak to seek debt relief for power projects
Updated : 5 years ago IST
Peshawar [Pakistan], February 25 (ANI): In China's debt-trap diplomacy, Pakistan is struggling to repay loans for power projects under President Xi Jinping's Belt and Road Initiative (BRI) and seeks to reschedule as much as USD 22 billion in outstanding credits.
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Chief minister KCR irresponsible in handling public money, says Congress l
Updated : 5 years ago IST
Hyderabad (Telangana) [India], February 24 (ANI): All India Congress Committee (AICC) spokesperson Sravan Dasoju has alleged that Telangana Chief Minister K Chandrashekhar Rao is acting irresponsibly in handling public money and due to his callousness and lopsided priorities, the state has b
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China's debt-trap diplomacy: Kenya offered 'debt repayment holiday' for 6
Updated : 5 years, 1 month ago IST
Beijing [China], February 16 (ANI): In yet another example of China's debt-trap diplomacy, Kenya has been roped in a deal with a six-month debt repayment holiday worth USD 245 million.
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Pakistan a pawn in Chinese policy, serious Sino-India conflict not good fo
Updated : 5 years, 2 months ago IST
New Delhi [India], December 29 (ANI): Amid increasing nexus between Islamabad and Beijing, Air Chief Marshal RKS Bhadauria on Tuesday said Pakistan has become a pawn in the Chinese policy and its military dependence on China would increase further in view of the debt trap due to the China
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Pakistan's first metro train line, China's gift or debt trap
Updated : 5 years, 3 months ago IST
Islamabad [Pakistan], November 30 (ANI): Across the globe, people avoid public transport systems during the COVID-19 pandemic, Pakistan has started commercial operations of its first metro train service in Lahore amidst a fresh wave of coronavirus outbreak. Commuters are going crazy and floc
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China lobbying to obtain French nuclear technology for 'debt-trap diplomac
Updated : 5 years, 4 months ago IST
Paris [France], October 31 (ANI): China has intensified lobbying and "backchannel negotiation" in its attempts to obtain billions of dollars of nuclear technology, which it can use as a new tool in its "debt-trap diplomacy", according to US-based news organisation The Klaxon.
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Chinese debt casts shadow over Maldives' economy
Updated : 5 years, 6 months ago IST
Male [Maldives], September 17 (ANI): Chinese debt trap has cast a shadow over Maldivian economy with some estimates suggesting that island nation maybe owing huge amount to Beijing.
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Nigeria in turmoil over China's debt-trap diplomacy
Updated : 5 years, 7 months ago IST
Abuja [Nigeria], August 16 (ANI): Africa's largest economy is in turmoil over the prospect of 'losing' its sovereignty to China over bad debts.
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Singapore's legandary oil trader in debt trap amid COVID-led oil price plu
Updated : 5 years, 11 months ago IST
Singapore, April 27 (ANI): Hin Leong Trading, once a colossus in Singapore's oil trading community, has filed for bankruptcy protection after the collapse of global oil prices due to COVID-19 outbreak.
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