New Delhi: The Central Government of India has launched a digital strike on China again. The Ministry of Electronics and Telecommunication has issued an order to ban 232 apps, most of which offer platforms for betting, money laundering and extorting money from customers. These apps were found to breach privacy data and share it with […]
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New Delhi: India has announced a loan of $14.27 billion for around 162 projects in Sri Lanka, Bangladesh, Nepal, Myanmar and Maldives. It has also declared an additional loan worth $14.07 billion for projects across 42 African countries. Minister of State for External Affairs V. Muraleedharan gave this information. Moreover, India’s neighbouring countries and other […]
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Washington: The Bloomberg website posted an article highlighting the increasing debt burden on the developing countries, causing defaults in repayments. This will push the countries on the defaulter list, which will have political and social consequences. The article cites the situation in Lebanon and Sri Lanka and warns that Pakistan, Tunisia, Egypt, Ghana, and El-Salvador […]
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Colombo – Sri Lankan President Gotabaya Rajapaksa demanded that if China intends to assist Sri Lanka, it should give certain facilities to Sri Lanka to repay the debt. Chinese Foreign Minister Wang Yi I am currently on a visit to Sri Lanka. The Sri Lankan President presented this demand during the discussions with Wang Yi. […]
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Colombo – Sri Lanka, which has borrowed heavily from China, faces a massive financial crisis. Sri Lanka’s foreign exchange reserves have fallen sharply, with only three months’ worth of foreign reserves remaining. This has led Sri Lanka to impose restrictions on imports of various commodities. According to some reports, Sri Lanka also has no money […]
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Beijing: – The Chinese banking sector is rocked because of the activities of the companies of Chinese billionaire Jack Ma. It has been exposed that more than USD 230 billion have been distributed in loans through the ANT Group, one of the leading e-commerce and financial technology companies. Distribution of loans is primarily a banking […]
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Islamabad: – Saudi Arabia has asserted that henceforth, Pakistan will neither get any loans nor fuel. Pakistan Foreign Minister Shah Mahmood Qureshi had threatened Saudi Arabia over not convening a meeting of the OIC over the Kashmir issue. Looking at the reactions of Saudi Arabia, it is clear that the relations between the two countries […]
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Moscow/Caracas: Russia, consistently supplying military and financial aid to Venezuela, has started moves to take over the Venezuelan oil sector. A report published in the media claimed that a Russian company would be taking over the Venezuelan oil company, PDVSA, against the loans provided to it. Although the Venezuelan leaders have dismissed the claims, the […]
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Beijing: Chinese President Xi Jinping has announced a financial aid of $ 23 billion to 20 Arab countries from the Middle East and Africa. The whole world is talking about how China is trying to entice all the countries around the world into debt using its financial strength. On this background, it is being alleged […]
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New Delhi: The rise in number of bad loans is causing a nuisance for the banking sector in India. The maximum number of bad loans are from Government banks. The government is trying to provide funds to these banks and free them from the clutches of debts. However Raghuram Rajan, Ex-Governor of Reserve Bank of […]
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