Debt crisis demands urgent action, innovative solutions

Himachal Pradesh’s heavy reliance on Central financial assistance, coupled with the failure of successive Congress and BJP governments to establish sustainable revenue streams, has led to a deep fiscal crisis. Unchecked debt accumulation — Rs 13,442.56 crore under the BJP in 2013-14, Rs 47,906.21 crore during the Congress tenure in 2018-19, and Rs 63,735.61 crore…

Pakistan Debt relief and economic stability commitment by PM

ISLAMABAD: Prime Minister Shehbaz Sharif has reiterated his unwavering dedication to providing Pakistan with debt relief and economic stability, emphasizing his readiness to devote his life to this critical mission. ARY News reported on Thursday. During an event in Islamabad, the Prime Minister highlighted the troubling rise in national debt over the past 77 years,…

Debt relief campaign tops KD 7 million

KUWAIT CITY, March 27: The Secretariat General of Awqaf sent a letter to the Ministry of Social Affairs announcing its donation of KD1 million for the third National Campaign to Pay the Debts of Citizens. This increases the total donation collected through the campaign to more than KD 7 million; with 15,325 donors so far.…

Switch raises $3.5bn to help refinance debt

US data center operator Switch has raised $3.5 billion, which it will use to refinance its existing debt. The DigitalBridge-owned company has secured the cash in two separate transactions – a $2.4 billion commercial mortgage-backed security loan (CMBS) and a $1.1 billion asset-backed security (ABS) issuance. A statement from Switch said the company will use…

Garg Furnace Faces Significant Stock Volatility Amidst Strong Debt Management and Promoter Confidence

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