Debt Trap

Down and out in paradise

The book examines the persistence of want in the wealthy United States, finding that keeping some citizens poor serves the interests of many

Developing world may need to find $2.5 trn over 5 yrs to meet debt costs

A greater proportion of poorer-country debt is now owed to commercial lenders, which offer shorter maturities, and capital markets have largely closed to many governments

Banks go slow on bond sales as rising interest rates push up costs

The decision to go slow on these fund-raising plans - despite the booming credit growth - came at a time when bond market conditions turned turbulent

DMRC would fall into a debt trap if it raises loans to pay DAMEPL: AG

The court has now given the Delhi Metro two weeks to work out the modalities for payment of the arbitration award to DAMEPL. The case will now be heard on October 31.

China Evergrande bondholders push own plan for debt restructuring: Report

With more than $300 billion in liabilities, Evergrande has been at the centre of the crisis and its debt restructuring plan is seen as a possible template for others

Debt-trap diplomacy: Should China be blamed for Pakistan, Sri Lanka crises?

China exacerbated but didn't mostly cause the problem whose roots lay in borrowing countries' broken politics and economic mismanagement. The loans may only have solved some problems, writes T N Ninan

Syria's economic revival from China's BRI may lead it into debt trap

Syria is seeking funds from China out of desperation so as to reverse the continuous and sharp decline in its economy since 2011, the year civil war intensified.

Over 16,000 committed suicide due to bankruptcy in 3 years: Govt

9,140 people ended their lives due to unemployment between 2018 and 2020

Forget Squid Game, here are some strategies to get out of debt in real life

The most-expensive-debt first approach is cost-effective, while debt snowball has been found to be the most successful

Covid-19 second wave pushes vulnerable groups into debt traps: Study

60 per cent of 335 such people surveyed in West Bengal, Chhattisgarh and Andhra Pradesh said they had to take loan to cope with financial constraints

Covid forces Maha into debt trap; fiscal deficit highest since FY06: Report

The most-industrialised state''s fiscal deficit jumped to 3.3 per cent of gross state domestic product (GSDP) in 2020-21 as against the Budget Estimate of 1.7 per cent

Two strategies to avoid a debt trap during job loss and dwindling income

The avalanche will save you money, but the snowball approach is easier to stick to

Global debt to top record $255 trn by 2019-end, no signs of slowing: Report

The amount, which is also more than three times the world's annual economic output, has been driven by a $7.5 trillion surge in the first half of the year that shows no signs of slowing

FY20 debt reduction, profit target a tough ask for UPL: Analysts

The key disappointment at the net profit level was led by a higher-than-anticipated forex loss and tax rate.

Don't fund lifestyle needs with debt; limit your total EMI outgo

Limit the sum total of all your EMIs to 50 per cent of take-home salary

Fixing the demand slump: Seven reasons for slowdown, and possible solutions

The govt might look for quick fixes under pressure to revive the economy, but sustainable economic growth will continue to be elusive without structural changes, writes T N Ninan

Caught in a debt trap? Here are a few things you can do to get out of it

Never resort to paying just the minimum amount mentioned in credit card bills

Debt trouble

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