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debt crisis

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A worker performs welding works on a bridge in Beijing.(AP Photo)

China’s growing dollar bond defaults reveal depth of stress

By Bloomberg | Posted by Kanishka Sarkar
UPDATED ON JUN 24, 2020 07:08 AM IST
The divergence between the yuan and dollar bond pace of defaults shows how hard it is for Chinese firms to borrow cheaply or get away with debt compromises in a global market.
IL&FS has defaulted on payment of loans to SIDBI and along with its subsidiaries has a combined debt of over ₹91,000 crore. (Mint file photo)
IL&FS has defaulted on payment of loans to SIDBI and along with its subsidiaries has a combined debt of over ₹91,000 crore. (Mint file photo)

Two former top officials arrested in IL&FS money laundering probe

New Delhi | By Press Trust of India
UPDATED ON JUN 19, 2019 10:29 PM IST
The debt crisis at the infrastructure lender came to light following a series of defaults by its group companies beginning September, 2018.
1 Ocotber 2018, Mumbai: IL&FS office in Bandra Kurla Complex in Mumbai. Photo by Aniruddha Chowdhury/Mint
1 Ocotber 2018, Mumbai: IL&FS office in Bandra Kurla Complex in Mumbai. Photo by Aniruddha Chowdhury/Mint

Enforcement Directorate carries out raids in Mumbai in multi-crore IL&FS payment default crisis case

New Delhi/ Mumbai | By Press Trust of India
UPDATED ON MAY 22, 2019 01:48 PM IST
They said the residences and offices of at least four directors of the firm are being raided.
It is Imran Khan’s second visit to Saudi Arabia in just over a month, but he has not succeeded in securing significant financial assistance to stave off a looming balance of payment crisis.(Reuters)
It is Imran Khan’s second visit to Saudi Arabia in just over a month, but he has not succeeded in securing significant financial assistance to stave off a looming balance of payment crisis.(Reuters)

Pak ‘desperate’ for loans: Imran Khan’s words before leaving for Saudi conference

Reuters | By Reuters
UPDATED ON OCT 22, 2018 06:47 PM IST
Imran Khan told an interviewer before leaving he was concerned at Khashoggi’s death but could not skip the conference because “we’re desperate” for possible Saudi loans to shore up Pakistan’s economy.
India is lower down on the list of risky economies, behind countries like Argentina and Turkey.(Bloomberg)
India is lower down on the list of risky economies, behind countries like Argentina and Turkey.(Bloomberg)

It may look like ‘taper tantrum’ but India’s in better shape: Report

Bloomberg | By Anirban Nag
UPDATED ON SEP 27, 2018 07:40 PM IST
In 2013, India bore much of the brunt of the “taper tantrum.”
What’s the big trend in today’s international politics? Out with the old, in with something new. Voters around the world are looking for someone else. Anyone else. Someone they believe can help them regain control of their lives and get them off the path they believe they’re now on.(AFP)
What’s the big trend in today’s international politics? Out with the old, in with something new. Voters around the world are looking for someone else. Anyone else. Someone they believe can help them regain control of their lives and get them off the path they believe they’re now on.(AFP)

The US market collapse has remade our world

UPDATED ON SEP 15, 2018 04:50 PM IST
And there is surely more to come. How do we prepare for a world where, two years from now, the country you care most about may be governed by someone you’ve never heard of and a political party that doesn’t yet exist? The pace of change is head-spinning.
Businessmen such as Nirav Modi, who are facing cases of bank frauds worth thousands of crores, have fled the country and symbolise the weakness of our criminal justice system in bringing them to account.(Aniruddha Chowdhury/Mint)
Businessmen such as Nirav Modi, who are facing cases of bank frauds worth thousands of crores, have fled the country and symbolise the weakness of our criminal justice system in bringing them to account.(Aniruddha Chowdhury/Mint)

Recovering bad loans would require practicality as well as deterrence

Hindustan Times | By HT Correspondent
UPDATED ON JUL 23, 2018 07:29 PM IST
India’s bad debt crisis requires an innovative and unconventional thinking on part of our policymakers. The government should uses legislation along with other mechanisms to achieve the objective.
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