Search For "debt"
Joe Biden to announce cancellation of student loan debt today
Updated : 3 years, 7 months ago IST
Washington [US], August 24 (ANI): US President Joe Biden is likely to announce student loan relief on Wednesday in addition to an extension of the existing payment pause, The Hill reported citing sources.
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China's BRI isn't quite as lucrative as often advertised: Report
Updated : 3 years, 7 months ago IST
Colombo [Sri Lanka], August 20 (ANI): Easy Chinese investment poured into BRI projects abroad isn't quite as lucrative as often publicized and sparsely generates sufficient revenue to justify the cost, according to Stockholm-based non-profit and non-partisan research and policy organization.
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Debt trap: Global alarm over Chinese Belt and Road Initiative
Updated : 3 years, 7 months ago IST
Beijing [China], August 18 (ANI): Chinese investment under Belt and Road Initiative (BRI) across the world are causing alarm, including among the beneficiaries, as some realise, at times too late, perils of the debt trap that it entails.
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Abhi Loans, pioneers in building quick credit solutions for retail custome
Updated : 3 years, 7 months ago IST
New Delhi [India], August 17 (ANI/SRV): KNAB Finance Advisors Private Limited, a regulated NBFC registered with RBI, has successfully raised $4.5 million in debt and equity for its digital lending platform -Abhi Loans. DMI Sparkle Fund led the funding round along with other prominent angel i
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Sri Lanka must avoid China's debt restructuring as Beijing is to seek pref
Updated : 3 years, 7 months ago IST
Colombo [Sri Lanka], August 16 (ANI): China will seek preferential treatment on debt restructuring in Sri Lanka which will mostly cater to Beijing's own self-interests and amid this Colombo must avoid these kinds of debt distress efforts at all costs, media reports said.
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Pakistan's debt reaches new high, jumps to almost PKR 60 trillion
Updated : 3 years, 7 months ago IST
Islamabad [Pakistan], August 16 (ANI): Due to huge currency depreciation and faulty policies of the Shehbaz Sharif-led Pakistan government, the country's debt jumps to a record high of Pakistani Rupee (PKR) 60 trillion.
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Joining China-Pakistan Economic Corridor may isolate Taliban: Report
Updated : 3 years, 7 months ago IST
Kabul [Afghanistan], August 15 (ANI): China and Pakistan are planning to rope in a third country in the multibillion-dollar China-Pakistan Economic Corridor (CPEC) infrastructure project, however, Afghanistan's participation in the project will lead to the complete isolation of Taliban from
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Pakistan forex reserves decline by over USD 2 bln
Updated : 3 years, 7 months ago IST
Karachi [Pakistan], August 12 (ANI): As Pakistan's economy continues to remain in doldrums, the country's foreign exchange reserves declined by over USD 2 billion during the first 5 weeks of this fiscal year due to massive external debt servicing.
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"China encourages Nepal to live luxuriously with it on loan", "alarm bell"
Updated : 3 years, 7 months ago IST
Beijing [China], August 10 (ANI): China has been consistently endeavouring to expand its influence in Nepal, analysts said amid fears that China aims to trap the Himalayan nation in a spiral of irrevocable debt without helping Nepal and to use its land. That is why China encourages Nepal to
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ALT Mobility launches debt aggregation platform for commercial electric ve
Updated : 3 years, 7 months ago IST
New Delhi [India], August 10 (ANI/NewsVoir): IIT Delhi-based Alt Mobility, a commercial fleet leasing platform announced the launch of 'Elektrowagen' - a structured finance solution to mobilize low-cost debt finance from domestic and international financing institutions for electrification o
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Bangladesh Finance Minister warns developing nations of Chinese loans stra
Updated : 3 years, 7 months ago IST
Dhaka [Bangladesh], August 10 (ANI): Warning developing countries of taking Chinese loans through its Belt and Road Initiative (BRI), Bangladesh's finance minister Mustafa Kamal said that the nations must think twice about these loans as Beijing's poor lending decisions risk pushing these na
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Laos finds itself in China's 'debt trap': Report
Updated : 3 years, 7 months ago IST
Vientiane [Laos], August 10 (ANI): Laos, a south-east Asian nation is at a high risk of default as the country has taken huge loans from China to build its large-scale infrastructure projects, giving new momentum to the 'debt trap' diplomacy.
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