Search For "debt"
India playing role of bridge between Global South, developed democratic co
Updated : 2 years, 9 months ago IST
India has improved relations with the industrialised members of the Group of Seven (G7). This year, India participated in the G7 Summit in Japan and has been actively acting as a link between the Global South and the camp of developed democratic countries
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China's aggressive approach in Sri Lanka's energy sector raises concern ab
Updated : 2 years, 9 months ago IST
Due to its location in the Indian Ocean, Sri Lanka has long been seen as a strategically significant nation by China. For this reason, Beijing has actively boosted its presence and influence in Sri Lanka over the years, especially in the energy industry, Daily Mirror Online reported.
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Change in China's stance on debt restructuring for Sri Lanka in 2023 unlik
Updated : 2 years, 9 months ago IST
China's Vice Minister of Foreign Affairs Sun Weidong invited Sri Lankan President, Ranil Wickremesinghe, to China for a conference on China's Belt and Road initiative. Wickremesinghe might be trying to go to China to discuss debt restructuring.
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Pakistan: Landlords burn peasants house after latter demanded share in cro
Updated : 2 years, 9 months ago IST
Tenants in Pakistan work the land for no pay because of debts owed to landlords, often incurred generations before. It's a classic system of share-cropping, where landless tenants hand over between two-thirds and half of their crop to landowners just to pay the interest.
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HDFC Life's Assets Under Management cross Rs. 2.5 Lakh Cr.
Updated : 2 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 14: HDFC Life, one of India's leading life insurers, has reached another significant milestone with its Assets under Management (AUM) crossing Rs. 2.5 lakh cr. on June 7, 2023.
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Multilateral financial institutions should be reformed, need to find solut
Updated : 2 years, 9 months ago IST
The Prime Minister said that gender equality and women's empowerment are crucial to achieving the SDGs
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Pakistan finance minister hints at 'Plan B' as IMF loan remains locked
Updated : 2 years, 9 months ago IST
While addressing the post-budget news conference, Dar ruled out any talks about restructuring external debt with multilateral agencies or Paris Club.
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Pakistan set to face burden of PKR 7.3 trillion in next fiscal year: Repor
Updated : 2 years, 9 months ago IST
Initially, the Pakistani government had budgeted PKR 3.9 trillion to cover markup on loans for the ongoing fiscal year 2022-23. However, revised estimates have revealed that the spending on interest payments rose to PKR 5.52 trillion.
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China's local governments finding it difficult to service debt as fiscal p
Updated : 2 years, 9 months ago IST
According to S&P Global Ratings analysts, local government direct debt exceeded 120 per cent of revenue in 2022.
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China's actions exacerbating Pakistan's debt issue
Updated : 2 years, 9 months ago IST
By December 2022, Pakistan's external debt had reached USD 126 billion; accounting for 35 per cent of its GDP. The problem is an outcome of legacy issues plaguing the Pak economy including dwindling foreign exchange reserves, high inflation, a lack of foreign investments and balance of payme
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China skips Sri Lankan debt restructuring meeting in Washington
Updated : 2 years, 9 months ago IST
Sri Lanka is already facing an economic crisis due to the COVID-19 pandemic and financial mismanagement, especially during Gotabaya Rajapaksa's presidency. He granted an unprecedented tax benefit to big companies soon after the election. As a result, the government lost a lot of revenue due
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Has China trapped Afghanistan in its sinister debt trap diplomacy?
Updated : 2 years, 9 months ago IST
After leaving a number of smaller countries 'high and dry', China, the current villain in global politics, has now set its sights on Afghanistan, a war-torn South Asian country that has been facing increasing global marginalisation owing to its appalling human rights track record.
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