TOPIC

Financial crisis

News Reports

Kerala bankrupt: Supreme Court blames Kerala for its financial woes, rejects demand for additional borrowing. Details

OpIndia Staff - 2 April, 2024

The Supreme Court rejected Kerala's request for immediate relief, attributing the state's financial woes to its mishandling of funds.

News Reports

Kerala financial crisis: Supreme Court suggests Centre to go ‘slightly liberal’ & provide one-time bailout package as CPM govt demands Rs 19,000 crore

OpIndia Staff - 12 March, 2024

The Kerala government has failed to pay salaries to several of its employees for the month of February.

News Reports

Kerala: KTDFC unable to pay back Kolkata-based Ramakrishna Mission’s fixed deposit worth Rs 130 crores, RBI to cancel license

OpIndia Staff - 28 September, 2023

KTDFC contends that the prevailing predicament stems from KSRTC's (Kerala State Road Transport Corporation) inability to repay a loan of Rs 360 crore, which has since ballooned to Rs 900 crore, inclusive of accrued interest.

News Reports

As the economic crisis deepens, Pakistan’s public assets are up for sale

ANI - 1 July, 2023

Its plan to lease out other two international airports in Karachi and Lahore faced difficulties, mainly due to nonpayment of dues by Pakistan International Airlines and other pending dues.