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Saturday, November 2, 2024
TopicFinancial crisis

Topic: Financial crisis

Political furore in Punjab after Mann govt seeks enhancement in borrowing limit, hikes taxes

In latest sign of its growing financial troubles, cash-strapped Punjab govt has requested Centre to increase its borrowing limit for this financial year above the sanctioned limit.

‘Being on toes’ a shared responsibility of regulators in face of global challenges, says economic affairs secy

Speaking after 27th meeting of Financial Stability and Development Council, Ajay Seth said easing of KYC norms and dealing with financial crises early were among the issues discussed.

Hospitals without doctors, power cuts: In Punjab’s ‘messed-up’ finances, AAP’s big budget test

Punjab's finances the biggest challenge facing the AAP govt about to table its first budget. ‘Increasing revenue without imposing new taxes’ priority, says finance minister Cheema.

Suffocated in a self-made gas chamber—triple suicide story of a Delhi mother & 2 daughters

Depressed and ailing, three women in Delhi's Vasant Vihar area were found dead in a house with windows covered in plastic and four suicide notes detailing their financial troubles.

Why investors are fleeing China’s investment-grade property bonds

Since Evergrande nearly defaulted on its debt, China is taking a close look at rules governing residential real estate. Local govts now want more say in how escrow accounts are used.

Last resort: Indians in distress are selling gold & third wave could only make it worse

The likelihood of financial distress caused by the 2nd wave is much higher & it could lead to more outright sales of gold, unlike in 2020, when people chose to take out loans against gold.

South Asia risks financial crises due to high levels of ‘hidden debt’, World Bank warns

The World Bank said India is particularly vulnerable to sovereign debt and funding risks, especially after the Covid pandemic shuttered businesses and left millions jobless.

Mumbai & Delhi rank among world’s 5 ‘most stressful’ cities to live in

Survey by German wellness company Vaay compared 100 cities of the world. While Mumbai ranked at the bottom, Delhi was 97 among 100.

WTO cuts global trade forecast to lowest levels in a decade

It’s the third consecutive year the WTO has reduced its expectations for global trade growth, reflecting similar readings from World Bank and IMF.

King of Indian bond sales warns of biggest crisis since Lehman

Axis Bank's Shashikant Rathi says the bond market is in 'complete chaos' since the shock defaults last year by IL&FS.

On Camera

AI can fix India’s reputation as a TB hub

AI can help see the unseen. Combining patient's comprehensive case histories with scans can lead to impressive results, such as in Japan.

Watch CutTheClutter: Flattening INR-USD rate, and debate on pros and cons of a ‘strong’ rupee

In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.

All about Major Bob Khathing, whose daring expedition & diplomatic parleys secured Tawang for India

The decorated Naga officer from Manipur also served as envoy to Myanmar & Nagaland chief secy. Defence Minister Rajnath Singh inaugurated a museum dedicated to the Tawang hero Thursday.

Xi wanted to teach India about imbalance of power. We should take a budgetary lesson from it

While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.