Financial Crisis

COAI Tells Government to Give 2-Year Moratorium, Lower Interest Rate, Longer Repayment Time

Indo-Asian News Service | Monday November 18, 2019

The mobile industry has urged Government to help the telcos restructure their debts with a two-year moratorium, lower interest, and longer repayment time to help them come out of the financial crisis which has been aggravated by the AGR order of the Supreme Court.

Supreme Court To Hear Plea For Protective Measures Over PMC Bank Scam

India News | Press Trust of India | Wednesday October 16, 2019

PMC Bank Scam: The petition has sought a direction for issuance of an "exhaustive and comprehensive guideline" to safeguard the banking and co-operative deposits in the eventuality of emergency financial crisis where citizens are financially stranded by the acts of few "unscrupulous persons".

IMF Cuts 2019 Global Growth Estimate To 3%, Lowest Since Financial Crisis

World News | Agence France-Presse | Tuesday October 15, 2019

The world economy is slowing to its weakest pace since the global financial crisis, amid continuing trade conflicts that have undercut business confidence and investment, the IMF said Tuesday.

UN Faces "Severe Financial Crisis", Donald Trump Dismisses Concerns

World News | Carol Morello, The Washington Post | Thursday October 10, 2019

US President Donald Trump on Wednesday dismissed concerns that the United Nations is on the verge of going broke because members have not paid their dues, with the United States leading the pack.

Goa Government Owes Cash-Strapped Power Department Rs 145 Crore: Minister

Goa News | Press Trust of India | Friday October 4, 2019

Several government departments in Goa owe about Rs 145 crore to the state power department, which is reeling under financial crisis due to non-payment of dues by consumers, State Power Minister Nilesh Cabral said on Friday.

"We Are Not In Any Crisis": Prakash Javadekar On Economic Slowdown

India News | Press Trust of India | Friday September 20, 2019

There is no financial crisis in India, Union Minister Prakash Javadekar said on Thursday, adding that the central government was taking all necessary steps to strengthen the economy.

In A Fracturing World, Central Banks Stuck Together In Zero-Sum Battle

World News | Reuters | Wednesday September 11, 2019

The last time major central banks shifted gears together, it was a cooperative move to keep the financial crisis of a decade ago from becoming a full-bore, worldwide depression.

Don't Know What I Would've Done Without Virat Kohli's Support, Says Sumit Nagal

Akash Khanna | Monday September 2, 2019

Sumit Nagal made his US Open debut against Roger Federer and managed to take a set off the superstar.

RBI Cuts Repo Rate For Fourth Time This Year, EMIs Set To Get Lower

Business | Written by Abhishek Vasudev | Wednesday August 7, 2019

The last time the Reserve Bank of India made so many back-to-back repo rate cuts was after the global financial crisis over a decade ago.

International Day Against Drug Abuse And Illicit Trafficking: Theme, Significance And Everything About Drug Abuse And Addiction

Health | Garima Arora | Wednesday June 26, 2019

International Day against Drug Abuse and Illicit Drug Trafficking: The theme this year is "health for justice, justice for health." It highlights that justice and health go hand in hand when it comes to addressing drug problems.

Maharashtra Villagers Host Doll Marriage To Pray For Rain Amid Drought

Cities | ANI | Saturday June 22, 2019

A doll marriage brought the people of Maharashtra's Shivanfal together to pray for rain when drought and the acute financial crisis have hit the village.

Rajasthan Man Hangs Self After Allegedly Killing Wife, Daughters: Cops

Cities | Press Trust of India | Thursday June 20, 2019

A 30-year-old man allegedly hanged himself after killing his wife and two minor daughters in Rajasthan's Sirohi due to financial crisis, police said on Thursday.

Pakistan Inks 3 Loan Deals Worth $918 Million With World Bank To Overcome Financial Crisis

World News | Press Trust of India | Wednesday June 19, 2019

Pakistan on Tuesday signed three loan agreements worth a total of USD 918 million with the World Bank, Prime Minister Imran Khan's adviser on finance has said as the cash-strapped country tries to overcome a ballooning balance-of-payments crisis that threatens to cripple its economy.

Once A Medical Aspirant, Odisha Teacher Now Helps Underprivileged Students Crack NEET

Education | Edited by Maitree Baral | Thursday June 13, 2019

After overcoming financial crisis, he pledged to help the needy students in fulfilling their dreams.

Air India, SpiceJet, IndiGo May Get Jet's Foreign Traffic Rights: Report

Business | Indo-Asian News Service | Friday May 3, 2019

Facing severe financial crisis, Jet Airways had on April 17 announced temporary suspension of its flight operations