New Delhi, April 25 (IANS) While it is important not to underestimate China, any data from Chinese sources, especially government sources, should be regarded sceptically, a new report has said, adding that it is a mistake to accept official or published Chinese statistics at face value.China is succeeding in many fields but numbers can be misleading, writes James Lewis, a Distinguished Fellow at Tech Policy programme at the Center for European Policy Analysis (CEPA) headquartered in Washington, …
Latest Public Debt News & Updates
New Delhi, April 9 (IANS) Pakistan’s economy remains under pressure, as its decision to secure a $600 million short-term loan from Standard Chartered Bank has once again highlighted the country’s fragile external financing position amid mounting fiscal and external challenges, according to a new report.According to an Asian News Post report, the loan is priced at SOFR plus 2.6 per cent — translating to an interest rate of around 6.3 per cent — aimed at supporting foreign exchange reserves,…
Washington, April 9 (IANS) The move by India to expand its domestic defence manufacturing could strengthen economic growth, the International Monetary Fund said, noting that higher military spending can lift output when it supports local industry.“Defence buildups can boost economic activity in the short term—lifting consumption and investment,” the IMF said in its latest analysis of global defence trends.The report comes as defence spending rises worldwide amid growing geopolitical tensio…
Mumbai, March 5 (IANS) Maharashtra’s economy is set to grow at 7.9 per cent in 2025-26 against the India’s growth rate of 7.6 per cent especially due to a record collection of Goods and Services Tax and favourable market conditions. Maharashtra continues to be the growth engine of the country. The nominal Gross State Domestic Product (GSDP) at current prices is expected to grow by 10.4 per cent. According to the Economic Survey for 2025-26 presented by the Minister of State for Finance Ashish …
New Delhi, Jan 29 (IANS) Pakistan’s finance ministry has admitted that “public debt dynamics remained a key challenge” during the last fiscal year, as the increase in total public debt was “driven mainly by higher interest payments and exchange rate movements,” according to a report in the Karachi-headquartered Express Tribune newspaper.The debt burden of every Pakistani increased by 13 per cent to Rs 333,000 (Pakistani rupee) in the last financial year, while public debt remained a “c…
New Delhi, Jan 20 (IANS) The wave of reforms are likely to feature prominently in the Union Budget 2026-27, an HSBC report said on Tuesday, adding that given a slew of announcements in recent months, the government is in a mood for further reforms.The central government budget will be presented on February 1, followed closely by the RBI policy meeting on February 6.“We believe the government will focus on two pillars during such time – restraint and reforms,” the report mentioned.The repor…
Thiruvananthapuram, Jan 3 (IANS) As Kerala heads into a crucial Assembly election in April–May 2026, the next government will inherit not just political expectations but a deeply strained economy and a series of unresolved social, environmental and governance challenges. From mounting public debt and inflation to climate disasters, agrarian distress and youth migration, the stakes could hardly be higher.A huge financial crisis awaits the new government after the state Assembly elections.Kerala…