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EXTREME INDEBTEDNESS
Defaults coming back to bite, banks rein in growth of unsecured creditSeveral lenders said that they now prefer offering loans to customers with credit scores of more than 750 from a cap of 720 seen prior to t...- OECD revises India's FY25 growth forecast upward to 6.6%OECD revised India’s FY25 growth forecast to 6.6%, citing strong investment and business confidence. Public sector investment will be cruci...
- JDS leader HD Kumaraswamy slams Congress’ “extreme indifference” to drought, seeks governor’s interventionThe JDS had constituted a Raitha Santwana Yatre to assess the drought situation across the state last month, and presented the report to th...
- If in debt, you should not do thisThe tougher task is to let go of assets. There is no point in keeping assets and denying creditors their dues. Taking more loans to pay the...
- Time to address extreme indebtedness: UNDPThe UN Development Programme's administrator, Achim Steiner, has called for action to be taken concerning the debt crisis affecting develop...
- Have ensured our assistance does not create indebtedness: India says, in apparent swipe at ChinaMoS for External Affairs Dr. Rajkumar Ranjan Singh said whether it is with India's neighbours under the "Neighbourhood First" policy or wit...
- China has ability to address Evergrande situation, still risks remain: IMFIn the IMF's Global Financial Stability Report, the organization more broadly urged policymakers to "act decisively" and target continued e...
- Will US inflation indeed be transient?The factors of chip shortages, copper/lumber shortages, shortage of labour, clearly point to a classic supply shortage led to price inflati...
- 26,339 Maha farmers committed suicide in last 17 yrs: GovtAt least 12,805 farmers took their lives due to indebtedness and unproductive land
- Compensation for farmers suicide can't deal with farm debt: Supreme CourtAn SC bench said "paying compensation is not the solution to deal with farmers' suicides" as the key reason for these suicides was indebted...
- Supreme Court seeks government's response on plea for upward revision of MSPThe bench said that agriculture was a state subject and it was upto the state governments also to adopt welfare measures and the Centre can...
- Govt going in wrong direction to check farmers' suicide: Supreme CourtSC said the issue of farmers' suicide was of "extreme importance" and paying compensation to the families of such victims "post-facto" was ...
- Attempts made to negate Jawaharlal Nehru's role: Irfan HabibHabib took a dig at detractors of Jawaharlal Nehru saying people whose ideological ancestors had no role in the national movement are tryin...
- NDA gives same reasons for farmer suicides as UPACrop failure and indebtedness often drive farmers to suicide, but love affairs and dowry dispute are also among the reasons cited in Parlia...
- After farmer's death, Rahul Gandhi blames Punjab, Modi government of ignoring farm crisisThe farm crisis following unseasonal rains dominated the political discourse for weeks with sharp sniping between Congress and Centre.
- 22% of households in cities, 31% in villages are in debtThe survey, carried out by the NSSO, studied assets and debt across India through two visits to more than one lakh households in 2013.
- EU's need to rescue its members smacks of institutionalised incompetenceThe Euro-zone's need to rescue three of its members (Greece, Ireland and Portugal) with three others smacks of institutionalised incompeten...
- Farmers and their Sisyphean taskTo blame rising farmer suicides on factors such as indebtedness and liberalisation misses a major part of the story, but ad hoc solutions o...
- 3,450 farmer suicides in 3 yrs: GovtMaharashtra heads the death list.
- US consumer cannot sustain global economy: IMF headThe savings-conscious US consumer can no longer be counted on to drive the global economy and new sources of momentum will have to be found...
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