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US removing unpaid medical bills from credit reports| All you need to know

The CFPB estimates the rule will remove $49 million in medical debt from the credit reports of 15 million Americans.

The US government agency's new rule bans all outstanding medical bills from appearing on credit reports. (Representative Image)
Published on Jan 08, 2025 01:48 AM IST
AP |

US woman says Indian students doing masters in US are falling for a scam

A Reddit user shared concerns about Indian students pursuing Master's degrees in the US, highlighting financial struggles and job market challenges.

A Reddit user, a 26-year-old American woman, shared concerns about Indian students pursuing Master's degrees in US.(Pixabay)
Published on Nov 16, 2024 06:04 PM IST
ByMahipal Singh Chouhan

China unveils new ‘hidden debt’ scheme for local governments

Policymakers approved a proposal to swap six trillion yuan ($840 billion) of hidden debt belonging to local governments

Policymakers approved a proposal to swap six trillion yuan ($840 billion) of hidden debt belonging to local governments for official loans with more favourable terms.(AFP)
Published on Nov 10, 2024 09:58 AM IST

Biden approves $4.5 billion in student-debt cancellation for 60k public servants

More than $73 billion in loans have been forgiven through the 2007 initiative under Biden, according to an Education Department press release.

 Borrowers eligible for the latest round of relief are expected to see their debt cleared in the coming days and weeks(Bloomberg)
Published on Oct 17, 2024 04:32 PM IST
Bloomberg |

MP farmer, his son die after jumping into river, daughter missing: Police

A farmer in Madhya Pradesh died by suicide with his two children; bodies found in a river. Debt may have driven him to this tragedy.

The state disaster response force personnel are searching for the man’s five-year-old daughter (Getty Images/iStockphoto)
Updated on Sep 20, 2024 09:04 PM IST

Adani Group looking to sell up to 5% stake in Adani Power, Ambuja Cement

Promoters of Adani Group are looking to sell 5 per cent stake in Adani Power and Ambuja Cements each, the report claimed.

Adani Group chairman Gautam Adani is seen. (ANI)
Updated on Aug 22, 2024 03:33 PM IST

India aims to expand scope of ESG debt after surpassing 2021 issuance record

India’s ESG debt issuance this year touched $15.6 billion, surpassing a 2021 record, but the volume remains lower than other Asian markets like China and Japan.

SEBI Bhavan at BKC Bandra in Mumbai. (PTI)
Updated on Aug 19, 2024 04:03 PM IST
Bloomberg |

Franklin Templeton plans first India debt fund after a $3 billion freeze

The new fund offer of Franklin India Ultra Short Duration Fund will open on August 19 and close on August 28, 2024

Franklin is returning to India’s debt market with a fund offer for the first time since April 2020 (Bloomberg)
Published on Aug 19, 2024 01:38 PM IST
Bloomberg |

Karnataka: Family of three jumps into canal, dies by suicide

The deceased have been identified as Srinivas (43), Shweta (36) and Nagashree (13). Three of them, a husband-wife and daughter jumped into the Hemavati canal.

Karnataka: Family of three jumps into canal, dies by suicide
Updated on Aug 16, 2024 09:29 AM IST
ANI | By

Taarak Mehta's Gurucharan Singh surviving on ‘chai and pakoras from ashrams’

Gurucharan Singh said that he is tired of failures in the last for years. The actor went missing from Delhi in April. He returned after nearly a month.

Gurucharan Singh is best known for his role in Taarak Mehta Ka Ooltah Chashmah
Updated on Aug 12, 2024 08:55 PM IST

Vedanta's $2.5 billion steel business sale on hold after share sale eases debt

The Anil Agarwal-led Vedanta had been working with advisors to sell its steel business to raise around $2.5 billion for reducing the company's debt load

A man walks past the logo of Vedanta outside its headquarters in Mumbai, India, January 31, 2018. (Reuters)
Updated on Aug 08, 2024 09:55 PM IST

Not enough in budget, Himalayan regions wait for funds from Finance Commission

Strategically located Himalayan states cannot continue to suffer the lack of political power at the Centre even though it provides immense ecological services

This drone photograph taken on May 22, 2024, shows an aerial view of Garkon village in Ladakh. (Photo by SHUBHAM KOUL / AFP)(AFP)
Published on Jul 30, 2024 09:00 AM IST

Centre tweaks FCI funding, helping it to go debt free

FCI has long been resorting to external borrowings to maintain food reserves, fund its purchases of grains from farmers and redistribute them to 800 million beneficiaries free of cost

Depending on disposal of cereal stocks and various other costs, the FCI provides finance ministry with its financial requirement every week, based on which funds are released. (Reuters)
Updated on Jul 09, 2024 05:56 AM IST

Debt rising, AAP using funds for personal gains, alleges Cong

Not bothered about allegations as Opposition upset over the emphatic response we are getting, says AAP leader Pawan Kumar Tinu

Congress leaders Amarinder Singh Raja Warring, Partap Singh Bajwa and Charanjit Singh Channi at an event in Jalandhar on Saturday. (HT photo)
Updated on Jun 30, 2024 07:22 AM IST
By, Jalandhar

Indian government bonds included in JPMorgan emerging market index: What's next?

Foreign investors already put in $11 billion in India's bonds, but the JPMorgan index inclusion may bring $20 billion to $25 billion more in the next 10 months.

A man walks into the J.P. Morgan headquarters at Canary Wharf in London (Reuters)
Published on Jun 28, 2024 12:36 PM IST

Vedanta promoter confirms stake sale to cut debt, 7,968 cr block share sale

The stake sale comes just after the Vedanta group officially denied any stake sale plans after news reports alleged the same.

A bird flies past the logo of Vedanta installed on the facade of its headquarters in Mumbai (Danish Siddiqui/Reuters)
Published on Jun 26, 2024 01:43 PM IST

US elections: How student loans will influence Biden-Trump clash this fall

Nearly one in five American adults with student loan debt say it will significantly influence their decision in the voting booth this fall.

FILE PHOTO: Combination picture showing former U.S. President Donald Trump attending the Trump Organization civil fraud trial, in New York State Supreme Court in the Manhattan borough of New York City, U.S., November 6, 2023 and U.S. President Joe Biden participating in a meeting with Italy's Prime Minister Giorgia Meloni in the Oval Office at the White House in Washington, U.S., March 1, 2024. REUTERS/Brendan McDermid and Elizabeth Frantz//File Photo(REUTERS)
Published on Jun 21, 2024 06:36 AM IST

What happens next in Ukraine's debt restructuring?

IMF will provide new estimates on Ukraine's economy in next few weeks as part of the fourth review of the $15.6 billion support programme it set up last year.

Ukraine's President Volodymyr Zelensky (AFP)
Published on Jun 18, 2024 03:02 AM IST
Reuters |

SEBI looks to allow Mutual Funds to sell CDS schemes; Reform CDS buying rules

SEBI seeks public comments for new CDS rule proposals aimed at improving liquidity in the corporate bond market.

SEBI Bhavan at BKC Bandra in Mumbai.(PTI)
Published on Jun 08, 2024 02:56 PM IST

India's fiscal consolidation likely to be challenging with coalition govt: Fitch

Fitch believes India's new coalition government will make medium-term fiscal consolidation more challenging.

The Fitch Ratings logo is seen at their offices at Canary Wharf financial district in London.(REUTERS)
Published on Jun 07, 2024 07:04 PM IST

Faridabad: One of family dead in suspected suicide pact

All five, including two women and two children, are being treated at a hospital. An FIR was registered against 15 accused, police added

The victims were taken to a private hospital where the head of the family died and others are critical, as per the police. (iStock)
Updated on May 25, 2024 07:06 AM IST
ByPress Trust of India, Faridabad

Karnataka: 35-yr-old man booked for ‘selling his infant’

The mother filed the complaint stating that her husband had allegedly sold the baby to a childless couple in Bangarpet taluk to allegedly clear his debts

The incident reportedly occurred within the Bangarpet police station limits in Kolar district. (File photo)
Updated on May 15, 2024 07:49 AM IST
By, Bengaluru

Karnataka farmer suspected to have died due to 10 Lakh debt: Police

A 55-year-old woman in Vijayapura district died allegedly due to mounting loans for her farm amid severe drought conditions, suspected to be a case of suicide.

A 55-year-old woman died in Vijayapura district due to mounting loans that she had taken for her farm amid severe drought conditions prevailing in the district (File photo)
Updated on May 15, 2024 07:50 AM IST
By, Bengaluru

Has Congress considered the cost of lofty poll promises, asks Sitharaman

Union finance minister Nirmala Sitharaman on Monday questioned the Congress on how it would manage to fund its “lofty” electoral promises

Union home minister Nirmala Sitharaman. (ANI)
Updated on May 14, 2024 07:31 AM IST
ByRajeev Jayaswal, New Delhi

Have you calculated costs? Nirmala Sitharaman asks Congress on its poll promises

In a series of posts on social media platform X, Union finance minister Nirmala Sitharaman asked the Congress about the cost estimates of its poll promises and the means to fulfil them

Union finance minister Nirmala Sitharaman. (ANI file photo)
Published on May 13, 2024 05:18 PM IST
ByRajeev Jayaswal

Pakistan to seek rollover of USD 12 billion debt to meet budget targets before IMF team’s arrival

Pakistan to seek rollover of USD 12 billion debt to meet budget targets before IMF team’s arrival

Pakistan to seek rollover of USD 12 billion debt to meet budget targets before IMF team’s arrival
Published on May 10, 2024 11:57 AM IST
PTI |

Pakistan's PSO proposes swapping debt for stake in public sector companies

PAKISTAN-ECONOMY/OIL (URGENT, EXCLUSIVE, PIX):EXCLUSIVE-Pakistan's PSO proposes swapping debt for stake in public sector companies

Pakistan's PSO proposes swapping debt for stake in public sector companies
Updated on May 09, 2024 01:41 PM IST
Reuters |

Farmer dies by suicide over debt in Tumkur

The deceased had allegedly taken a loan of more than ₹3 lakh from private finance institutions and banks several times in past six years to develop his one-acre areca nut estate

Due to acute drought, the farmer took several loans to save his one-acre areca nut farm. (File Photo)
Updated on May 07, 2024 04:09 PM IST
By, Bengaluru

Climate finance needs overhaul, funds influx

A more fundamental shift is to think of a shift in the way international financial institutions assess developing country risks.

Low-income countries have long complained of the failed climate finance promises, with the developed world not meeting the $100-billion annual target until recently.( AP)
Published on May 03, 2024 10:56 PM IST

Diddy faces Federal heat over $100 million mortgages on LA, and Miami mansions

Sean 'Diddy' Combs' multi-million dollar estates in LA and Miami, raising questions about his financial stability amidst series of sex trafficking allegations.

Sean Diddy Combs poses at the Met Gala, an annual fundraising gala held for the benefit of the Metropolitan Museum of Art's Costume Institute with this year's theme
Published on Mar 30, 2024 08:05 AM IST
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