What is really behind the great fiscal crisis in Kerala? And what really needs to be done to address it?
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.
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.
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.
PM Ranil Wickremesinghe said the cash-strapped country now needs about USD 3,300 million for fuel imports in the next six months.
Mental stress main cause; community calls for backing from family, society and government to put an end to their misery
Since then, he could not recover from the crisis and resorted to the offence, to clear his financial burdens.
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.
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.
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.
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
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.
The Union Minister of Electronics and Information Technology stated that the government's policy interventions have made India an investor-friendly place.
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.
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.