Beijing: Despite the coronavirus pandemic, China’s economy was forecast to show a minimal growth while key sectors were said to have gained momentum. However, the projection is believed fake and several Chinese companies have declared bankruptcy or have defaulted on loans. From January to October this year, Chinese state firms defaulted on bonds worth $6 […]
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Islamabad: Pakistan Prime Minister Imran Khan confessed that it was a mistake on the government’s part not to have approached the international Monetary Fund (IMF), for funds, after assuming power in Pakistan. Currently, the Pakistan economy is in dumps and opposition parties, media and even the population is criticising that it is the Imran Khan […]
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Riyadh: Indian Chief of Army Staff, General Manoj Mukund Naravane, is on a visit to Saudi Arabia and United Arab Emirates (UAE). The visit of the Indian Army Chief attains significance against the background of the strained relations of both these countries with Pakistan. This is the first visit of the Indian Army Chief to […]
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Abu Dhabi: Indian Foreign Minister S. Jaishankar reached Seychelles, after finishing his visits to Bahrain and United Arab Emirates (UAE). Before this, during his UAE visit, Foreign Minister Jaishankar announced the decision to make the strategic ties between India and UAE more comprehensive, learning a lesson from the Coronavirus pandemic. While the India-UAE strategic relations […]
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Islamabad: – Pakistan will be taking a fresh loan of $2.6 billion from China, for the China Pakistan Economic Corridor (CPEC). It is being said that Pakistan has asked for this loan for expanding the Peshawar-Karachi railway. But it is being claimed that these funds will be used for paying the loans taken from Saudi […]
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New Delhi: Union Finance Minister Nirmala Sitharaman announced the Atmanirbhar Bharat 3.0 package with a provision of Rs 2.65 trillion. Under this, the Finance Minister has announced 12 schemes, and there are reliefs for the construction industry and infrastructure projects. A decision to announce a subsidy of Rs 65 billion on fertilisers for the farmers was also […]
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New Delhi: Union Minister Nitin Gadkari clarified the difference between India and China by stating, ‘Indian culture does not include expansionism. Therefore, Indian neighbours do not feel threatened by India. But this confidence that these neighbouring countries have in India is not there in expansionist China because the wellbeing of the entire world is the […]
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New Delhi: India announced loans worth $1 billion for development projects in the Central Asian countries in the connectivity, health, agriculture, energy, education and IT sectors. A virtual meeting between the Indian and Central Asian Foreign Ministers was held on Wednesday. During the meeting, India decided to provide this loan assistance, for the social and […]
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New York: While Europe is grappling with the fears of a relapse of the Coronavirus pandemic, a global advisory company has warned that thousands of companies, in Europe, may be forced to wind up. This warning is given by the McKinsey company, in its report published, after surveying more than 2,000 small and medium European […]
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Washington/Beijing: The World Bank has demanded that China, known as the largest lender in the world, should waive the loans given to the under-developed countries against the background of the Coronavirus pandemic. All the member countries had concurred on this during the G20 meeting held in April. But China started dilly-dallying regarding loan waiver, saying that […]
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