Crisis
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Pakistan's economy grinding to a halt as crucial dollars dry up

A shortage of crucial dollars has left banks refusing to issue new letters of credit for importers, hitting an economy already squeezed by soaring inflation and lacklustre growth.

published on : 15th January 2023
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Key to Kerala’s fiscal crisis lies within

The state must tap the non-tax revenue potential from its highly developed health and education services.

published on : 12th January 2023
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Egypt's inflation surges on amid currency's dramatic slide

The higher inflation has inflicted heavy burdens on consumers, especially lower-income households. Nearly 30 per cent of Egyptians live in poverty, according to official figures.

published on : 10th January 2023
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China's economy recovering but hampered by virus outbreaks

China's reopening is a boost for the global economy at a time when activity in the US and Europe is weakening after repeated interest rate hikes by central banks to cool surging inflation.

published on : 10th January 2023
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Maharashtra political crisis: Supreme Court to commence hearing pleas on February 14

"We will keep it for hearing on February 14," the CJI said. Sibal, while seeking reference of matters to a seven-judge bench, had sought re-look at an earlier apex court judgement.

published on : 10th January 2023
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UK scraps subsidies on energy bill for businesses amid reports of 'unsustainable' aid level

Finance minister Jeremy Hunt announced Monday that the support for businesses, due to expire in late March, would be overhauled and extended by one year until March 2024.

published on : 10th January 2023
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PMO to hold high-level meeting on Joshimath sinking crisis

Uttrakhand Chief Minister Pushkar Singh Dhami visited Joshimath on Saturday to assess the situation on the ground, a day after he directed the immediate evacuation of around 600 affected families.

published on : 8th January 2023
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No one wins when willing to lose it all for that elusive life

The earth has made another rotation around the sun. A random day in the middle of the winter that does not herald any change in weather or anything else is celebrated with considerable fanfare.

published on : 8th January 2023
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Joshimath sinking: Plea in SC seeks to declare land subsidence as national disaster

Additionally, the plea also seeks to immediately stop the construction and building work of the Tapovan Vishnugad Hydro Electric, Project tunnel.

published on : 7th January 2023
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India’s growth prospects in the New Year

Economic forecasters are as unsure as astrologers, and the track record of either set on past projections is far from perfect.

published on : 7th January 2023
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Europe's inflation slows again but cost of living still high

The latest numbers indicate that the energy crisis may be easing for now. Energy price rises slowed to 25.7%, down from 34.9% in November and 41.5% in October.

published on : 6th January 2023
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Former Sri Lanka President Gotabaya Rajapaksa returns to Sri Lanka from Dubai

In September 2022, he was given special security and a state bungalow upon his return to Sri Lanka from Thailand.

published on : 6th January 2023
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COVID-19 crisis: Celebrity deaths in China spark fears over death toll

The deaths of singer Chu Lanlan and other celebrities are sparking speculation about greater losses than those reported on official accounts.

published on : 5th January 2023
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Delhi Jal Board on the verge of bankruptcy, work has come to standstill, alleges BJP

Due to the financial crisis, the employees of the Jal Board are also being fired for not being able to pay their salaries.

published on : 5th January 2023
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US political crisis deepens as McCarthy loses fourth vote for House speaker

The Californian Republican was defeated a fourth time Wednesday by the small but emboldened faction of around 20 right-wingers.

published on : 5th January 2023
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Tourist arrivals in Sri Lanka on rise despite economic crisis 

In 2021, the tourist arrivals were under 195,000, according to Sri Lanka's Tourism Development Authority (SLTDA).

published on : 4th January 2023
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Pakistan orders malls to close early amid economic crisis 

The government expects these measures to save energy and curtail the costs of imported oil, for which Pakistan spends USD 3 billion annually.

published on : 4th January 2023
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UK medical bodies say winter crisis costing lives as Britain's health service grapples

The public National Health Service (NHS) faced budget constraints for more than a decade before the Covid-19 pandemic left it severely stretched.

published on : 3rd January 2023
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China's propaganda machine sputters in zero-Covid reversal

For years, the country's propaganda apparatus hailed zero-Covid as proof of the superiority of the Communist Party's authoritarian rule and the wisdom of powerful President Xi Jinping.

published on : 24th December 2022
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Question mark on permission to China team for G20 summit

Delegates from China in particular could be restricted to come for the meetings in January, or till the impact of Covid reduces in China, said sources.

published on : 24th December 2022
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