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Friday, October 3, 2025
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

The Indian diaspora is under attack. What has gone wrong?

From Indian-origin people being kicked out of Uganda overnight to facing racism in Canada and the UK today, these instances offer lessons for the Indian diaspora.

Nodal officers to fast-tracking NOCs, Kerala govt’s heeding investor concerns, and it means business

As many as 21 policy reforms are under implementation following Invest Kerala Global Summit, as LDF govt works to change perception that the state is not conducive to businesses.

Finnish giant ICEYE to build signature radar microsatellites in India, offers full control to govt

Company builds microsatellites that are smaller, faster, cheaper to produce. ICEYE will develop & launch micro-satellites, hand them over to India, which will have full control & sovereignty.

Something’s hidden in the Oval Office photo of Trump, Munir, Sharif. India must look closely

What Munir has achieved with Trump is a return to normal, ironing out the post-Abbottabad crease. The White House picture gives us insight into how Pakistan survives, occasionally thrives and thinks.