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.
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.
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.
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
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."
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.
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.
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.
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.
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.
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.
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...
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.
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...
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?
'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.
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.
Nectar of life, a mirage...
TNIE lensman B P Deepu captures the water crisis at a village in Thenmala
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.
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.
Vizhinjam seaport protests: Police station attack was with 'ulterior intention', says Kerala CM
'The Kashmir Files' controversy: Apologies if my remarks were interpreted differently, says Nadav Lapid
Will fight again, against what is wrong: Bilkis Bano on remission given to her rapists
Tamil Nadu amended law that allows Jallikattu seeks to prevent cruelty on animals: State tells SC
India dismisses China's concerns on military exercise with US in Uttarakhand
'Bazball' powers England to new first-day record against Pakistan in 1st Test