Financial crisis

Kerala's great fiscal crisis: What is the way out?

What is really behind the great fiscal crisis in Kerala? And what really needs to be done to address it?

published on : 2nd August 2022

Exclude borrowings of state entities in debt of state government: Kerala FM to Union FM 

Raising concerns over Centre regarding fixing of states net borrowing ceiling, Balagopal has contended that liabilities of state instrumentalities do not come within the definition of state debt.

published on : 26th July 2022

Kerala, Bengal among five states showing signs of financial stress; need corrective steps: RBI

In the five states --- Bihar, Kerala, Punjab, Rajasthan and Bengal --- debt growth has outpaced the Gross State Domestic Product growth in the last five years, the RBI warned. 

published on : 18th June 2022

Pakistan petrol price reaches historic high of Rs 233.89, third hike in 20 days 

The government is not in a position to bear subsidies on petroleum products, said Pakistan FM Miftah Ismail and announced an increase in the prices of petrol by Rs 24.03. 

published on : 16th June 2022

Sri Lanka likely to resort to rationing of fuel amid economic crisis

PM Ranil Wickremesinghe said the cash-strapped country now needs about USD 3,300 million for fuel imports in the next six months.

published on : 7th June 2022

Five suicides since Jan 2021 in Kochi, transgenders seek support

Mental stress main cause; community calls for backing from family, society and government to put an end to their misery

published on : 18th May 2022

Tailor nabbed for burgling jewellery store in KPHB

Since then, he could not recover from the crisis and resorted to the offence, to clear his financial burdens.

published on : 4th May 2022

Covid vaccine complication: Kin of victims face financial crisis

Families of the two girls who developed health complications days after they took Covid-19 vaccination are facing economic hardship as they quit their work to be with their children.

published on : 26th March 2022

Sri Lanka needs to save its economy from China's debt-trap policy: Global Strat View

In an analytical piece, Global Strat View on Sunday said Sri Lanka's financial crisis is leading to a humanitarian crisis that could ultimately push the country into bankruptcy. 

published on : 7th February 2022

Approve Polavaram revised cost estimates: Andhra Pradesh CM YS Jagan to PM Modi

Though the revised cost estimates of Polavaram were approved by central agencies, the same was rejected by the ministries concerned stating that the funding would be limited to irrigation component.

published on : 4th January 2022

Kerala's finance: A mess in the making?

All is not well with Kerala’s finances, hints CAG report for first half of fiscal,90% of revenue goes for salaries; poll-time pay revision adds to crisis

published on : 21st November 2021

'Squid Game' strikes nerve in debt-ridden South Korea

The show has struck raw nerves at home, where there’s growing discontent over soaring personal debt, decaying job markets and stark income inequalities worsened by financial crises.

published on : 13th October 2021

Despite global turbulence, Indian economy's fundamentals remain strong: Ravi Shankar Prasad

The Union Minister of Electronics and Information Technology stated that the government's policy interventions have made India an investor-friendly place.

published on : 16th September 2019

Jet Airways shares slump 6 per cent in morning trade owing to reports of financial crisis

According to media reports Jet Airways has informed its employees that the airline will not be able to operate beyond 60 days unless cost cutting measures, which include pay cuts, are put in place.

published on : 3rd August 2018

Financial crisis: Jet Airways will not be able to fly beyond 60 days

Earlier in the week several media reported that Jet Airways had asked its employees to take a pay cut of up to 25 percent due to rising costs.

published on : 3rd August 2018