Search For "debt"
"Centre must provide special schemes for Himachal," says CM Sukhu on Union
Updated : 1 year, 8 months ago IST
Expressing expectations on the Union Budget for 2024-25, to be presented by Finance Minister Nirmala Sitharaman, which essentially outlines the government's financial plan to drive economic growth, enhance infrastructure, and promote social welfare, Himachal Pradesh Chief Minister Sukhvinder
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Pakistan's total debt to reach PKR 79 trillion by June 2025: Report
Updated : 1 year, 8 months ago IST
The Shehbaz Sharif-led Pakistan government unveiled a three-year economic plan, which aims to increase the share of provinces in the federal budget from 39.4 per cent to 48.7 per cent by 2027.
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Kenya spends USD 1 billion in a year to repay Chinese loans, burdening tax
Updated : 1 year, 8 months ago IST
Amid unrest in Kenya due to debt distress, it is reported that the country has spent 152.69 billion KES (approximately 1 billion USD) to repay debt to China in the just-ended financial year, highlighting the burden on taxpayers in servicing loans taken to build a modern railway and other inf
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China's Communist Party gathers to chart course amid economic troubles
Updated : 1 year, 8 months ago IST
This gathering assumes significant importance as China, the world's second-largest economy, grapples with a myriad of challenges including a property sector crisis, escalating local government debt, and strained consumer demand amid geopolitical tensions with Western nations.
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China's second-quarter GDP growth falls short of expectations
Updated : 1 year, 8 months ago IST
This growth rate marked a slowdown from the 5.3 per cent growth observed in the first quarter. Additionally, June's retail sales saw an increase of 2 per cent, falling short of the expected 3.3 per cent growth.
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Bajaj Finserv AMC launches Savings+: All you need to know
Updated : 1 year, 8 months ago IST
Pune (Maharashtra) [India], July 15: Make better use of the surplus funds lying idle in your savings account with Savings+, a unique investment solution from Bajaj Finserv Asset Management Ltd. Savings+ makes mutual fund investments more accessible by helping investors combine the safety of
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Islamabad caught in China-Pakistan Economic Corridor debt trap, Beijing ha
Updated : 1 year, 8 months ago IST
The faltering economy of the country and the monetary policies designed by Pakistan, currently render the nation incapable of paying back loans and Independent Power Producers (IPPs) projects launched under the China-Pakistan Economic Corridor (CPEC).
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India's entry into JPMorgan index to drive in USD 25-30 billion in fund in
Updated : 1 year, 8 months ago IST
In a significant development that could pull in foreign funds into India's debt market, JPMorgan Chase & Co added Indian government bonds to its benchmark emerging-market index starting June 28.
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Is Laos next in line to fall victim to China's debt trap diplomacy?
Updated : 1 year, 8 months ago IST
A recent report suggests that the country's debt has nearly doubled, reaching USD 950 million in 2023, up from USD 507 million in 2022. The majority of this debt is owed to China, according to local news outlet, The Laotian Times.
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Pakistan's public sector enterprises suffocate under mounting PKR 1.7 tril
Updated : 1 year, 8 months ago IST
Despite a substantial loan from the Asian Development Bank (ADB) aimed at bolstering reforms, the cumulative debt of PSEs has soared to PKR 1.7 trillion, with an additional borrowing exceeding Rs43 billion in the fiscal year 2024.
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14 vehicles seized in Jerusalem over tax debts
Updated : 1 year, 8 months ago IST
During these operations, 14 vehicles were seized, including luxury vehicles, for debts of approximately 2 million Shekels.
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Pakistan's debt hits record high at PKR 67.816 Trillion: Report
Updated : 1 year, 8 months ago IST
The central bank data reveals a significant 15 per cent increase in the federal government's total debt over the past year, marking an addition of PKR 8,852 billion. In May 2023, the total debt stood at PKR 58,964 billion, escalating to PKR 66,086 billion by April 2024.
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