Search For "debts"
China lures economically vulnerable nations through debt-trap diplomacy
Updated : 3 years, 6 months ago IST
Beijing [China], August 31 (ANI): China has been luring economically vulnerable and strategically significant nations by lending finances to them through the promise of several development projects, and has emerged as the third largest official creditor in the world.
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India does not have problems like Pakistan and Sri Lanka, says former RBI
Updated : 3 years, 7 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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Unclear data on Chinese debts poses challenges for Sri Lanka's negotiation
Updated : 3 years, 8 months ago IST
Colombo [Sri Lanka], July 23 (ANI): Newly-appointed Sri Lankan President Ranil Wickremesinghe has a tough task ahead of him negotiating a financial lifeline from the International Monetary Fund (IMF) to help his country combat its worst-ever economic crisis but what makes the process diffic
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China's debt trap diplomacy responsible for economic calamity in Sri Lanka
Updated : 3 years, 8 months ago IST
Washington [US], July 20 (ANI): China's debt trap diplomacy has become a major cause of Sri Lanka's unprecedented economic crisis due to the failure of the island nation to take better steps to restructure its debts in dialogue with the IMF.
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Chinese city health system nears collapse under Covid debt burden
Updated : 3 years, 8 months ago IST
Beijing [China], July 17 (ANI): Chinese city Huludao is showing signs of the strain of Covid-19 measures on local health systems, with authorities saying debts were rising far faster than their capacity to repay them, media reports said.
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Pakistan's rising debts, decreasing exchange reserves raise concern
Updated : 3 years, 8 months ago IST
Islamabad [Pakistan], July 14 (ANI): Pakistan is in economic turmoil as its foreign debts are rising while foreign exchange reserves are decreasing.
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Pakistan may cede Gilgit Baltistan to China to pay off its mounting debts:
Updated : 3 years, 9 months ago IST
Gilgit Baltistan [PoK], June 22 (ANI): Pakistan may cede Gilgit Baltistan (GB), a Pakistan-occupied Kashmir region (PoK) to China on lease to pay off its mounting debt.
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Iran says Iraq ready to pay debts for energy imports
Updated : 3 years, 11 months ago IST
Tehran [Iran], April 30 (ANI/Xinhua): Iraq is ready to pay its debts to Iran and the repayment procedure will begin in the coming days, Yahya Al Eshaq, chairman of the Iran-Iraq Joint Chamber of Commerce, told the Iranian news agency IRNA on Saturday.
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Tennis legend Boris Becker sentenced to two and half years of jail after b
Updated : 3 years, 11 months ago IST
London [UK], April 29 (ANI): Tennis legend Boris Becker has been jailed for two and a half years for hiding Euro 2.5 million worth of assets and loans to avoid paying his debts. The three-time Wimbledon champion was found guilty of four charges under the Insolvency Act between June 21 and
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Foreign debt payments default will put pressure on banking sector: Sri Lan
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 13 (ANI): Reacting to the Sri Lanka government's temporary suspension of payment of all foreign debts, former Prime Minister Ranil Wickremesinghe said that this will place further pressure on the banking sector in the country.
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Sri Lanka temporarily suspends servicing USD 51 billion foreign debt payme
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 12 (ANI): Amid the economic crisis in the country, the Sri Lanka government has temporarily suspended the payment of its foreign debts.
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TDP leader Ramakrishnudu accuses CM Jagan Reddy of destroying Andhra's eco
Updated : 3 years, 11 months ago IST
Amaravati (Andhra Pradesh) [India], April 3 (ANI): Former finance minister and Telugu Desam Party (TDP) senior leader Yanamala Ramakrishnudu alleged that Chief Minister Jagan Mohan Reddy destroyed Andhra Pradesh's state economy as a whole by bringing multi-crore loans and accused him of dive
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