![]() | China’s engagement with world largely driven by commercial, strategic interests: Prof Swaran Singh"India on the other hand has enduring civilisational relations with the world. This has seen India's leadership emphasising on diaspora and cultural links to great advantage with substantial success." |
![]() | CAG raises concerns over Centre’s ballooning debt, interest burdenMeanwhile, data released by the department of economic affairs in the Finance Ministry showed interest paid on debt has increased to Rs 8.05 lakh crore in FY22 from Rs 6.80 lakh crore in FY21. |
![]() | Sri Lanka raises electricity tariffs by up to 264 per centThe country is also facing hyperinflation and lengthy electricity blackouts after the CEB was unable to buy oil for its thermal generators. |
![]() | Widespread harassment by loan recovery agentsA reminder on how widespread harassment by recovery agents is. There have been many similar cases in Andhra Pradesh in recent times. |
![]() | No new financing to Sri Lanka until 'adequate' macroeconomic policy in place: World BankSri Lanka needs about USD 5 billion in the next six months to cover basic necessities for its people, who have been struggling with long queues, worsening shortages and power cuts. |
![]() | USAID chief calls on China to restructure Sri Lanka's debtChina, which accounts for 10% of Sri Lanka’s debt, has resisted offering a debt cut. |
![]() | We borrowed to aid people in crisis: AP Finance Minister Buggana RajendranathBuggana says AP’s borrowings are comparatively less than other States, no truth in TDP’s claim of paying more interest. |
![]() | Andhra Pradesh’s debts will cross Rs 3.98 lakh crore: CentreUnion Minister of Finance Nirmala Sitharaman gave these figures in the Lok Sabha on Monday, while replying to a question raised by a member, Kishan Kapoor, on the debt burden of the States. |
![]() | Rupee holding up well relative to other currencies: RBIHe highlighted the global grim situation in view of inflationary pressures, tighter external funding situation and financial stability challenges in many countries. |
![]() | China's debt trap diplomacy responsible for economic calamity in Sri LankaInternational experts warn that other debt-ridden countries -- from Laos in Southeast Asia to Kenya in East Africa -- are teetering toward a similar fate. |
![]() | Cost of states borrowings up at 7.96 per centCumulatively, 21 states have raised Rs 1,44,600 crore so far this fiscal, which is nearly 23 per cent lower than the year-ago level when it was Rs 1,86,900 crore. |
![]() | Cash-strapped Pakistan may face serious economic crisis amid fast-depleting forex reservesThe country has been facing a serious threat from its external front as the State Bank of Pakistan's foreign exchange reserves fell to single digits despite a USD 2.3 billion inflow from China. |
![]() | Sri Lanka: Implosion in the makingThe LTTE was vanquished, but a series of blunders by governments mostly run by the Rajapaksa family since 2009 led to the ruinous economic situation. |
![]() | China employed 'Debt Trap Diplomacy' to gain strategic edge over Sri Lanka: Think tankChina is now the second-largest lender to Sri Lanka, holding more than 10 per cent of Sri Lanka's outstanding foreign debt in 2019. |
![]() | Mutual funds witness Rs 70,000 crore outflow in JuneHowever, equity funds continue to see net inflows. Despite volatile equity markets, equity mutual funds received net inflows of Rs 15,500 crore. |
![]() | RBI takes measures to check fall in rupee"Beginning July 30, 2022 incremental FCNR(B) and NRE deposits with reference base date of July 1, 2022 will be exempt from the maintenance of CRR and SLR,” RBI said. |
![]() | Odisha's debt burden expected to increase by nearly three per cent in the next three yearsDebt stock will go up by Rs 22,356 cr because of development work post-Covid pandemic |
![]() | Political choices for Pakistan’s economic problemsPakistan’s economic crises have become cyclical. In the absence of structural reforms, it has very little choice but to seek a bailout package from its lenders. |
![]() | Kerala’s cumulative debt crosses Rs 3.32 lakh croreThe debt to GSDP ratio and fiscal deficit to GSDP ratio saw an abnormal increase in 2020-21 and 2021-22. |
![]() | Sanctions push Russia to its first overseas debt default since 1917The country faces a Sunday night deadline to meet a 30-day grace period on interest payments originally due May 27 but it could take time to confirm a default. |
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