Crisis

	Pakistan Finance minister cancels US visit amid domestic political, judicial crisis The development came amid the widening chasm between the judiciary and the federal government over holding polls in the country's politically crucial Punjab province. published on : 7th April 2023
	IMF warns of ongoing financial risks following global banking turmoil Non-bank financial intermediaries (NBFI) like pension and investment funds have grown dramatically since the 2008 global financial crisis, when regulators moved to toughen up the rules on banks. published on : 4th April 2023
	Inflation at 50-year high in Pakistan; death toll from stampedes at free food centers hits 21 Cash-strapped Pakistan had launched an initiative to distribute free flour among low-income families to ease the impact of record-breaking inflation and soaring poverty during the holy month. published on : 2nd April 2023
	Famine-like situation simmering as inflation at 50-year high in crisis-hit Pakistan, says expert Poor Pakistanis are feeling the brunt of the economic turmoil, and at least 20 people have been killed since the start of the Muslim fasting month of Ramadan in crowd crushes at food distribution cent published on : 1st April 2023
	No talks with Imran Khan unless he apologises: Pakistan PM Shehbaz Calling out Khan for pushing the country towards bankruptcy, the prime minister reiterated that the current coalition headed by the PML-N government "saved the country." published on : 29th March 2023
	Delhi govt can’t demolish temporary shelter homes without Supreme Court nod Counsel for DUSIB told the court that prior arrangements were made for shifting the homeless before the removal of the night shelters. published on : 29th March 2023
	A well of water brings gush of joy to this Pathanamthitta family Learning of their plight, Jessy’s friends came together to lend a hand in digging a well on the premises of her house. published on : 28th March 2023
	With fears of a global financial crisis taking hold, should you bet on gold and silver? The simmering crisis in the global economy caused by the problems in the banking sector in the US and Europe has shaken the global financial system. published on : 27th March 2023
	RBI must assess impact before rate change Like others, the RBI, too, is caught between the risk of underreacting and overreacting to the inflationary dynamics. published on : 27th March 2023
	Global financial crisis: FM reviews health of PSBs In addition, she also asked PSBs heads to leverage full potential of branches opened in international financial services centres in GIFT City, Gujarat. published on : 26th March 2023
	Meanwhile... India’s silent water crisis Water crisis is one of the five issues chronicled in my book The Gated Republic on India’s public policy failures and private solutions. published on : 26th March 2023
	If there is a new global financial crisis, then what will governments do? The probable response is low rates, government support and generous infusions of money, the policies popularised by former Fed Chairman Alan Greenspan, the 'Maestro' to sycophants. But... published on : 25th March 2023
	Bank shares sink globally as contagion fears return Sentiment soured following decisions by central banks in the United States, Britain and Switzerland to hike interest rates despite concerns about the impact of the monetary tightening on banks. published on : 25th March 2023
	In a new global financial crisis, where are the dead bodies buried? The position is reminiscent of 2000 when the dotcom bubble deflated and also 2008. On both occasions, private funds did not fully recognise or report impairments... published on : 24th March 2023
	Is a full-blown global banking meltdown in the offing? If everything is fine, then why have US banks borrowed $153 billion at a punitive 4.75% against collateral at the discount window, a larger amount than in 2008/9? published on : 23rd March 2023
	'Withdrawal restrictions, currency shortage': Lebanese protesters try to storm Beirut headquarters The protest was called for by retired soldiers and depositors who have had limited access to their savings after local banks imposed informal capital controls amid the crisis. published on : 22nd March 2023
	IMF bailout just beginning of long, more difficult journey: Sri Lankan President Wickremesinghe Sri Lanka defaulted on its $46 billion foreign debt last April after nearly exhausting its foreign exchange reserves, making it almost impossible for importers to source vital goods. published on : 22nd March 2023
	Nectar of life, a mirage... TNIE lensman B P Deepu captures the water crisis at a village in Thenmala published on : 22nd March 2023
	Global banks are in trouble; how about those in India? The UK allowed HSBC to takeover Silicon Valley Bank's England subsidiary for a jaw-dropping Rs 100 or so, while Switzerland seems to have literally put a gun on UBS' head to take over Credit Suisse. published on : 21st March 2023
	Sri Lanka bailout conditional on tackling corruption: IMF The International Monetary Fund approved its long-delayed rescue programme on Monday after China, the South Asian nation's biggest bilateral lender, offered debt relief assurances. published on : 21st March 2023