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KERALA DEBT CRISIS
Kerala's liabilities top Rs 5 lakh crore; pending dues near Rs 49,000 croreKerala faces a severe fiscal challenge. Total outstanding liabilities have surpassed Rs 5.07 lakh crore. Unpaid dues and deferred payments ...- From $22 billion to zero: Success, not failure, brought Byju downByju's, once a $22 billion edtech giant, has collapsed. Founder Byju Raveendran faces jail for contempt. The company's downfall stems from ...
- Assam govt aims 20% cut in fuel cost, 10% down in revenue expense as part of austerity measuresAssam government has announced austerity measures to boost fiscal prudence. Fuel expenditure will be cut by 20 per cent. Minister and offic...
- Day of Reckoning: West Bengal, Tamil Nadu, Assam, Kerala & Puducherry assembly poll results set to redefine India's political journeyWest Bengal, Tamil Nadu, Assam, Kerala & Puducherry assembly poll results: Counting day arrives for five states after a heated election. Vo...
- Kerala budget full of unfulfilled promises, economy in crisis: BJP state chiefBJP leader Rajeev Chandrasekhar criticizes the LDF government's budget. He claims it contains only unfulfilled promises from the past decad...
- Ruling CPI(M) accuses Centre of imposing economic sanctions on Kerala; announces protest from Sep 11The CPI(M) in Kerala has accused the Centre of imposing economic sanctions on the state and announced a mass public protest against the BJP...
- Don't include borrowings of state entities in debt of state govt: Kerala FM to Nirmala SitharamanKerala Finance Minister K N Balagopal has contended that liabilities of state instrumentalities, like statutory bodies and companies, do no...
- Bihar, Kerala, Punjab, Rajasthan and WB most stressed fiscally: RBIFive states, namely, Bihar, Kerala, Punjab, Rajasthan, and West Bengal, figure among the most stressed states fiscally, as per a Reserve Ba...
- Mixed reaction to RBI article warning signs of stress due to high debt in several statesReferring to the economic crisis in Sri Lanka, the RBI article prepared by a team of economist under the guidance of Deputy Governor Michae...
- Citing Sri Lanka, RBI paper warns of stress building up in states; cautions against freebiesObserving that the slowdown in own tax revenue, a high share of committed expenditure and rising subsidy burdens have stretched state gover...
- Kerala will not cut down on public spending, says FM BalagopalThe statement from the minister assumes significance as Kerala, the only communist-ruled state in the country now, is known for its sweepin...
- Covid-19: Allow states to directly borrow from RBI, says Kerala FM Thomas IsaacKerala, which has put in place stringent measures to curb spreading of coronavirus infections and flatten the curve, has come out with a Rs...
- Grim Reaper: Farmer suicides shake the flood-ravaged district of IdukkiWithout adequate revenue, flood-ravaged Idukki farmers are struggling to repay loans.
- Battleground Punjab: Here, every resident has a debt burden of Rs 38,000Punjab's interest payments are steadily rising, having zoomed up by 58% since 2011-12 to reach Rs 9,900 crore'' in 2015-16.
- Failure of governance reason for Eurozone debt crisis: RBIThe ongoing sovereign debt crisis in countries of eurozone owes its origins to governance failures, according to a senior Reserve Bank offi...
- In shadow of 'capitalist crisis', Kerala foresees tough times
- Dubai crisis may have some impact on remittances: RBIThe Reserve Bank on Thursday said that the financial crisis in Dubai could have some impact on remittances and would affect those parts of ...
- Job loss fears: Govt says no need to panicThe Dubai debt crisis fuelled fears of job cuts and its adverse fallout on remittance-dependent economy in Kerala.
- Dubai crisis to hit workers, inflowsIndian overseas labour market is dependent on short-term Middle East job contracts.
- Govt puts shipping sector on alert post Dubai financial crisisThe government today said it has sought detailed information from all ports associated with DP World to assess the impact of Dubai debt cri...
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