New Delhi, April 12 (IANS) The elevation of General Min Aung Hlaing, former chief of the Myanmar junta, as the country’s new President has ignited a debate over the country’s shifting priorities. Political watchers are discussing at length whether this makes a transition towards a ‘civilian regime’ or amounts to maintaining the status quo of military junta rule. One may argue over the General’s credentials in the Myanmar Army and the urgent need for reforms in the country’s governanc…
Latest Economic Crisis News & Updates
Washington, March 30 (IANS) US President Donald Trump said Cuba “will be next” to face collapse, describing the island nation as a failing state while signalling Washington’s willingness to allow oil shipments to ease conditions for its people.“Cuba’s gonna be next… Cuba’s a mess. It’s a failing country and they’re gonna be next,” Trump told reporters aboard Air Force One.He said the United States would step in to support Cuban Americans and others affected. “We will be the…
New Delhi, March 6 (IANS) The mismanagement of Pakistan as a polity by its ruling elite has landed the country in periodic crises, which have been as much political as economic, and the resulting economic turmoil has necessitated 25 IMF programmes, each of which has compounded the country’s structural problems rather than providing a pathway to sustainable growth and development, a Pakistani media report said.The latest example is the ongoing programme where the IMF has endorsed the government…
New Delhi, Jan 14 (IANS) Pakistan’s Household Integrated Economic Survey (HIES), published after a gap of six years, exposes the extreme level of poverty in the country with food-insecure households surging from 15.9 per cent in 2018 to 2019 to a staggering 24.4 per cent in 2024 to 2025, according to a report in the local media.The HIES figures confirm Pakistan’s deepening human development crisis amid shrinking incomes, rising poverty, and widening inequality resulting from the prolonged sp…
New Delhi, Jan 10 (IANS) The situation in Iran has turned chaotic, and protests have spread across over 100 cities in the country. India is keeping a close watch on the situation as regime instability is rising in Iran. This poses a risk to India’s strategic investment in Iran’s Chabahar Port.Officials in New Delhi say that these protests are concerning when it comes to the safety and continuity of operations at the critical port, in which India has an investment of nearly $500 million. An o…