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Overlapping food, debt crisis in Afghanistan can have devastating impacts:
Updated : 3 years, 7 months ago IST
Kabul [Afghanistan], August 9 (ANI): Since the Taliban took control of Afghanistan, the country is under a massive humanitarian crisis and is currently at the greatest risk of overlapping food and debt crises, a report by the World Bank stated recently.
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IBBI disposed of 6,172 complaints and grievances under IBC, government tel
Updated : 3 years, 7 months ago IST
New Delhi [India], August 8 (ANI): The Insolvency and Bankruptcy Board of India (IBBI) disposed of 6,172 complaints and grievances out of 6,231 received against service providers under the Insolvency and Bankruptcy Code (IBC), Union Minister of State for Corporate Affairs Rao Inderjit Singh
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Chinese oil giant Sinopec likely to enter Lankan fuel market amid Beijing'
Updated : 3 years, 7 months ago IST
Beijing [China], August 8 (ANI): As Sri Lanka continues to remain in the Chinese debt trap, the biggest petrochemical company in China, Sinopec, is likely to start retail operations in the Lankan fuel market, local media said citing sources.
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Pakistan refuses Russia's wheat offer to save USD 1.4 million amid food sc
Updated : 3 years, 7 months ago IST
Islamabad (Pakistan), August 7 (ANI): Amid the food and debt crisis in Pakistan, the country is considering refusing Russia's offer to supply 120,000 metric tons of wheat at a price of USD 399.50 to save USD 1.4 million.
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Zambia calls off Chinese loans, saves itself from falling in Beijing's deb
Updated : 3 years, 7 months ago IST
Lusaka [Zambia], August 6 (ANI): Southern African nation, Zambia, seems to have understood China's debt-diplomacy, which only reaps profits to Beijing while countries are pushed towards an economic crisis, as Lusaka cancelled USD 1.6 billion Chinese loans.
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Afghanistan under severe debt crisis, owes USD 28 million to Tajikistan
Updated : 3 years, 7 months ago IST
Kabul [Afghanistan], August 3 (ANI): War-torn Afghanistan is witnessing an economic crisis and is under huge debt since the Taliban took control of the country as now it owes Tajikistan USD 28 million for electricity.
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Credgenics launches digital collections technology platform in Indonesia
Updated : 3 years, 7 months ago IST
New Delhi [India], August 3 (ANI/PRNewswire): Credgenics, the leading provider of loan collections and debt resolution SaaS-based technology solutions to banks, non-banking finance, and FinTech lenders worldwide, announced today its expansion into Indonesia as part of its next phase of gr
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Pakistan resorts to piecemeal measures as country lifts ban on 'luxury' it
Updated : 3 years, 8 months ago IST
Islamabad [Pakistan], July 30 (ANI): They say desperate times call for desperate measures. It suits best on Pakistan as the country lifts ban on imports of luxury items however it is only a precursor to an economic disaster as these piecemeal measures are not sustainable.
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India's future lies in strengthening liberal democracy and institutions: R
Updated : 3 years, 8 months ago IST
Raipur (Chhattisgarh) [India], July 30 (ANI): The notion that democracy holds back economic development is wrong and India's future lies in strengthening its liberal democracy and institutions, former RBI Governor Raghuram Rajan said.
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India does not have problems like Pakistan and Sri Lanka, says former RBI
Updated : 3 years, 8 months ago IST
Raipur (Chhattisgarh) [India], July 30 (ANI): India has sufficient foreign exchange (forex) reserves, external debts are low and the country is not having the economic problems like Sri Lanka and Pakistan, former RBI Governor Raghuram Rajan said.
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Credit agency S&P cut Pakistan's credit outlook rating to negative
Updated : 3 years, 8 months ago IST
Islamabad [Pakistan], July 29 (ANI): As Pakistan's economy slumps to a new low, ratings by S&P Global, an American credit rating agency, has cut Pakistan's credit outlook to negative and markets think that Pakistan might soon follow Sri Lanka into debt default and economic crisis, media
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China seeks to influence Indo-Pacific region through investments in Sri La
Updated : 3 years, 8 months ago IST
Colombo [Sri Lanka], July 27 (ANI): China is seeking to increase its influence in the Indo-Pacific region by bolstering its investments in debt-ridden Sri Lanka along with aligning with "corrupt" politicians of the island nation, media reports said.
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