Debt Trap
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Maldives: Muizzu thanks India, China for helping its fragile economy in major foreign policy shift
World | Jul 28, 2024, 05:10 PM ISTThe marked change in his policy towards India came as in May this year the International Monetary Fund (IMF) warned the Maldives that it faces a high risk of debt distress without significant policy changes.
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India to again boycott China's Belt and Road event amid criticism of CPEC: Sources
World | Oct 16, 2023, 04:51 PM ISTIndia had boycotted China's previous two BRI summits held in 2017 and 2019 due to its stance on the flagship economic corridor through Pakistan-occupied Kashmir. India has also insisted that the BRI should be based on universally recognised international norms.
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China's 'mysterious' debt rules pushing poorest countries including Pakistan to brink of collapse
World | May 18, 2023, 05:44 PM ISTSurprisingly, debt is consuming an ever-greater amount of the tax revenue needed to keep schools open, provide electricity and pay for food and fuel.
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Akalis have pushed Punjab into debt trap: Manish Tewari
National | May 16, 2013, 06:15 PM ISTLudhiana, May 16: Union Minister Manish Tewari today alleged that the Akali-BJP government has pushed Punjab into a debt trap, and ridiculed the state government for describing it as a “productive debt”.“It is a cause