Page 4 - Financial Crisis

Sri Lanka's economy on the edge as debt burden mounts due to Covid

Sri Lanka has piled up $11.8 billion worth of debt through sovereign bonds (ISB) which makes up the largest part - or 36.4% - of its external debt

Should IMF do more than put out fires? The debate looms large

As the International Monetary Fund gets set for its annual meeting, economists ask if it's time to update its mandate as the world's financial crisis responder

China's 'Lehman moment'

Evergrande crisis can have global ramifications

Palestine faces financial crisis amid decline in foreign aid, tax dispute

Palestine is facing a financial crisis amid a decline in foreign aid and a growing tax dispute with Israel, according to an informed source

'Distress sale': Indians offload gold heirlooms as Covid deepens pain

With fewer banks around, people in rural areas rely on gold in times of need as it can be easily liquidated

Failure to raise debt limit would be 'catastrophic': US Treasury Secretary

Treasury Secretary Janet Yellen told a congressional panel that failing to raise the federal debt ceiling would have catastrophic consequences that could bring on a financial crisis

Hyatt Regency Mumbai shuts operations indefinitely due to lack of funds

Asset owner Asian Hotels facing financial crunch, defaults on loan repayment

RSS body calls for NREGA fund hike, free food grains to vulnerable sections

The Swadeshi Jagran Manch, an RSS-affiliate, suggested the government to substantially increase funds for its rural employment guarantee scheme and extend financial support to the vulnerable section

Govt must consider Air India's massive financial burden: CAPA India

The government must consider Air India's massive financial burden, which is likely to be a potential liability of $20 billion and look at possible changes to the contours of the proposed sale

Bajaj Allianz to offer up to Rs 1 cr support to Covid effected employees

Bajaj Allianz Life on Wednesday said it will offer financial support of up to Rs 1 crore to the family of its employees impacted by COVID-19.

Action is the best antidote to helplessness

The highest satisfaction has come from using my professional skills to help reconstruct the financial records of a family that lost its breadwinner

Pandemic Pool: Is this the best the insurance sector could come up with?

In case of a calamity, the govt may need to step in to help those at the lower rung of the economic ladder and it may not need the insurance sector as a middleman in those circumstances

China's banking watchdog warns Fed easing risks global financial crisis

The article comes on the heels of a similar warning from Guo in an interview with Xinhua

Prevent contagion, preserve value

It's time to dam the financial sector against a bad debt flood

Equity seems to be losing its charm as long-term returns disappoint

Gold, fixed income do well; Nifty50 stocks do not compensate for extra risk

Statsguru: State govts' debt on a risky path amid Covid-19 crisis

Debt levels in many states are already way above the recommended 20 per cent of GDP mark

Have home loan rates reached rock bottom?

At sub-7 per cent, the rates are at their historic low. In 2003 and 2004, it was 7.25 per cent; and in 2011, as high as 11.75 per cent

Wild swings in stock markets this year match 2008 financial crisis levels

27 sessions in H1CY20 saw over 3% swing

More securitisation will help

There are only two big ideas for policy with securitisation: Originators should have skin and investors should have data

Monetary policy for exceptional times

Monetisation of deficit is unlikely to spark inflation