Still elusive The self imposed 100 days deadline almost over the PTI (Pakistan Tehreek-e-Insaf) led government is yet to get its act together. Especially on the economic front there is confusion worst confounded. The prime minister during the period has made quick dashes to Saudi Arabia, China, UAE and Malaysia ostensibly to get financial assistance…
IMF faces China debt dilemma as low income nations seek help The IMF has warned for more than a year of rising debt levels in low income countries. Now, bailout talks with Pakistan and requests for help from Angola, Zambia and others are forcing the fund to confront a pressing question: how far is debt…
The Kerala State Fishermen Debt Relief Commission (KSFDRC) will probe fishermens complaint that some banks are denying debt relief to them using questionable methods. KSFDRC Chairman P.S. Gopinathan, who was in the city for an adalat, said the banks were found adopting a renewal tactic, hoping it would help them surpass the commissions order for…
A single mum who took on Centrelink after they demanded the return of a $40,000 overpayment has had a big win as the case finally comes to a close. Two years ago, Carly Hockey got a series of bills from the government, telling her she had been overpaid thousands in the family tax benefit she…
The IMF has warned for more than a year of rising debt levels in low income countries. Now, bailout talks with Pakistan and requests for help from Angola, Zambia and others are forcing the fund to confront a pressing question: how far is debt distress in the developing world due to lending by China? The…
Nearly 40 percent of U.S. adults carry credit card debt from month-to-month, according to the 2017 Financial Literacy Survey conducted on behalf of the National Foundation for Credit Counseling. (Cropped Photo: www.cafecredit.com / CC BY 2.0 / MGN Online) Nearly 40 percent of U.S. adults carry credit card debt from month-to-month, according to the 2017…
The children said they were fleeing in search of work to pay for their fathers debt.   |  Photo Credit: Thinkstock Mumbai: In a tragedy that was averted in the nick of time, four minor children were rescued just before they could take a train out of town. The children were siblings aged between eight…
I met a young entrepreneur who runs a debt-solutions business that helps people who cannot get out of their financial mess. Like others in its industry, this business provides budgeting advice, assists clients with payment arrangement with creditors and lends money. Sadly, business is booming. I say sadly because nobody likes to see people wreck…
Loading What is particularly egregious is that energy companies are making such demands on their customers who are in financial difficulty, even though new rules will outlaw some of this conduct in six weeks time in Victoria. Come January 1, under reforms introduced by the Essential Services Commission, an energy retailer will be required to…
A few months ago Reserve Bank Governor Phillip Lowe provided four common sense points we should all keep in mind regarding borrowing to finance a home. (The Governors speech can be found here). I thought they made sense and so summarised them in a tweet to which someone replied that every checkout operator knows…