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."

published on : 15th August 2022

CAG raises concerns over Centre’s ballooning debt, interest burden

Meanwhile, 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.

published on : 11th August 2022

Sri Lanka raises electricity tariffs by up to 264 per cent

The country is also facing hyperinflation and lengthy electricity blackouts after the CEB was unable to buy oil for its thermal generators.

published on : 9th August 2022

Widespread harassment by loan recovery agents

A reminder on how widespread harassment by recovery agents is. There have been many similar cases in Andhra Pradesh in recent times.

published on : 30th July 2022

No new financing to Sri Lanka until 'adequate' macroeconomic policy in place: World Bank 

Sri 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.

published on : 29th July 2022

USAID chief calls on China to restructure Sri Lanka's debt

China, which accounts for 10% of Sri Lanka’s debt, has resisted offering a debt cut.

published on : 28th July 2022

We borrowed to aid people in crisis: AP Finance Minister Buggana Rajendranath

Buggana says AP’s borrowings are comparatively less than other States, no truth in TDP’s claim of paying more interest.

published on : 27th July 2022

Andhra Pradesh’s debts will cross Rs 3.98 lakh crore: Centre

Union 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.

published on : 26th July 2022

Rupee holding up well relative to other currencies: RBI

He highlighted the global grim situation in view of inflationary pressures, tighter external funding situation and financial stability challenges in many countries.

published on : 23rd July 2022

China's debt trap diplomacy responsible for economic calamity in Sri Lanka

International experts warn that other debt-ridden countries -- from Laos in Southeast Asia to Kenya in East Africa -- are teetering toward a similar fate.

published on : 21st July 2022

Cost of states borrowings up at 7.96 per cent

Cumulatively, 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.

published on : 20th July 2022

Cash-strapped Pakistan may face serious economic crisis amid fast-depleting forex reserves 

The 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.

published on : 13th July 2022

Sri Lanka: Implosion in the making

The LTTE was vanquished, but a series of blunders by governments mostly run by the Rajapaksa family since 2009 led to the ruinous economic situation.

published on : 12th July 2022

China employed 'Debt Trap Diplomacy' to gain strategic edge over Sri Lanka: Think tank

China is now the second-largest lender to Sri Lanka, holding more than 10 per cent of Sri Lanka's outstanding foreign debt in 2019.

published on : 10th July 2022

Mutual funds witness Rs 70,000 crore outflow in June

However, equity funds continue to see net inflows. Despite volatile equity markets, equity mutual funds received net inflows of Rs 15,500 crore.

published on : 9th July 2022

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.

published on : 7th July 2022

Odisha's debt burden expected to increase by nearly three per cent in the next three years

Debt stock will go up by Rs 22,356 cr because of development work post-Covid pandemic

published on : 4th July 2022

Political choices for Pakistan’s economic problems  

Pakistan’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.

published on : 3rd July 2022

Kerala’s cumulative debt crosses Rs 3.32 lakh crore

The debt to GSDP ratio and fiscal deficit to GSDP ratio saw an abnormal increase in 2020-21 and 2021-22.

published on : 29th June 2022

Sanctions push Russia to its first overseas debt default since 1917

The 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.

published on : 27th June 2022
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