November 05, 2024 16:31 (IST)
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Union Minister HD Kumaraswamy booked for threatening cop probing into mining case | Supreme Court upholds validity of Uttar Pradesh Madrasa Education Act | Not all private properties are community resources that govt can take over: Supreme Court | Pakistan's Lahore has become world's most polluted city with an AQI of 1900 on Sunday | Indian Army 'successfully completes' patrolling to a key point in Ladakh's Depsang region

Immediately ban Chinese loan apps: Cong to Central Govt.

New Delhi/UNI: The Congress on Tuesday raised questions on Centre’s silence on the Chinese fraud loan apps which according to reports have so far killed 52 people and siphoned off Rs 500 crore through Hawala.

Chinese debt-trap: Africa should take lesson from Sri Lankan economic crisis

The island nation of Sri Lanka is facing one of the worst economic crisis, skyrocketing inflation, food shortages and weak government finances. This has been an outcome of a sharp rise in foreign debt since 2010, reaching 88 percent of the country’s GDP in 2019, causing a severe economic crisis.

Protests against MCC in Nepal: A chapter from Chinese debt trap playbook

China’s protracted lobbying efforts aimed at blocking international development assistance to smaller countries exposes its bullying behavior.  For firming up its iron grip over such countries, China lures them with debt financing linked with superfluous and unviable infrastructure projects. After these projects get stuck or shelved because of their inherent problems or motivated approach of the financer, the leftover debt imprint is too overwhelming for the vulnerable client countries.