Search For "debt"
Transparent accounting of subsidies is essential: CAG Murmu
Updated : 2 years, 11 months ago IST
Speaking at the Annual Accountant General's Conclave, Murmu said that the state must meet its capital expenditure, including loans and advances, from its own sources of revenue, or at the least confine the net debt to its capital expenditure.
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China's debt diplomacy threatens African countries natural assets, soverei
Updated : 2 years, 11 months ago IST
Concerns have particularly focused on some clauses that allow Chinese entities to seize property or assets when there are defaults.
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There's a real danger that Pakistan could default on debt: US think tank
Updated : 2 years, 11 months ago IST
The cash-strapped nation is reeling with the repercussions of a deepening political crisis, which initially began in April last year when former prime minister Imran Khan was ousted through a vote of a no-confidence motion, and the derailment of the USD 6.5 billion International Monetary Fun
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China's "yuan diplomacy": A new form of debt trap
Updated : 2 years, 11 months ago IST
News reports suggested that China has now been trapping African nations into debt and as part of "forgiving" that debt China wants them to use the Chinese CBDC the Digital Yuan for all international commerce, trade and finance payments. By doing so, China has been establishing the Digital Yu
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L&T Personal Loan is now live on Bajaj Markets
Updated : 2 years, 11 months ago IST
Pune (Maharashtra) [India], April 7 (ANI/BusinessWire India): Bajaj Markets, a subsidiary of Bajaj Finserv, has now partnered with L&T Financial Services Limited, to offer consumer loans starting at just 11 per cent per annum. One can take a collateral-free loan of up to Rs 7 Lakhs easil
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World Bank says Pakistan urgently needs foreign loans to avoid "public deb
Updated : 2 years, 11 months ago IST
The World Bank in its flagship report 'Pakistan Development Update' warned Pakistan regarding serious dangers to its economic and debt viability while predicting almost flat economic growth.
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TerraPay raises USD 100 million in series B funding to expand global payme
Updated : 2 years, 11 months ago IST
London [UK], April 4 (ANI/PRNewswire): TerraPay, a leading global payments infrastructure company, has successfully closed its Series B equity financing round, raising in excess of USD 100 million in equity and debt financing. The funding round was led by IFC and supported by Prime Ventures,
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Exploring the future of Altcoins: Will other countries follow El Salvador'
Updated : 2 years, 11 months ago IST
New Delhi [India], April 3 (ANI/ATK): The decision by President Nayib Bukele to make Bitcoin (BTC) the legal tender in El Salvador was met with scepticism and apprehension five months ago. However, as of March 2023, the country is repaying its debts and regaining financial stability, thanks
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Pakistan's debt sustainability indicators worsen, public debt rose signifi
Updated : 2 years, 11 months ago IST
Moreover, with heightening currency risks simultaneously with the rupee sinking, foreign countries are shying away from extending loans to Pakistan, reported The Express Tribune.
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Debt sustainability indicators worsen in Pakistan
Updated : 2 years, 12 months ago IST
Pakistan's major debt sustainability indicators have witnessed marked deterioration during the first half of this fiscal year in the middle of steep currency devaluation and interest rates hikes, revealed a semi-annual debt bulletin of the finance ministry, The Tribune reported.
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Pakistan battling its worst economic crisis this Ramazan
Updated : 2 years, 12 months ago IST
An increasing number of enterprises are either scaling down operations or closing production mainly for the scarcity of imported raw materials. Dozens of businesses have served notices of production suspension. Restriction on imports of raw materials to improve the trade balance amounts to c
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UAE participates in 2nd International Financial Architecture Working Group
Updated : 2 years, 12 months ago IST
G20 members invited countries, and international organisations attended the meeting. The UAE delegation included Ahmad bin Sulaiman, Director of the Federal Debt Management Office at the Ministry of Finance, and Khalifa Al Faheem, Senior Director of Monetary Operations and Monetary Managemen
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