Financial Crisis
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Gujarat: Three family members die by suicide due to financial struggles, debt pressure
Gujarat | March 09, 2025 9:23 ISTThe flat was supposed to be sold for Rs 22 lakh, and a man who wanted to buy it had given the family Rs 1 lakh as advance payment, he said.
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SpiceJet faces new financial crisis, sends 150 cabin crew members on 3-month leave without pay
Business | August 30, 2024 6:11 ISTThis comes after DGCA placed SpiceJet under "enhanced surveillance", which will involve increased spot checks and night monitoring to ensure the safety of the airline's operations.
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IMF raises serious doubts on cash-strapped Pakistan's capacity to pay back loan amid debt crisis
World | May 11, 2024 17:58 ISTThe IMF observed that Pakistan's debt repayment faces significant risks and remains critically dependent on policy implementation and external financing. Pakistan also faces numerous challenges, like delayed adoption of reforms, high public debt and gross financing needs among others.
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'Muizzu must stop being stubborn, seek dialogue with neighbours to overcome...': Ex-President
World | March 25, 2024 12:54 ISTSolih said he had seen media reports that suggest Maldives President Muizzu wants to talk to India for debt restructuring. However, the financial challenges are not caused by Indian loans.
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Karnataka: Family of five, including three children, die in suicide pact in Tumakuru
Karnataka | November 27, 2023 15:31 ISTThe family was forced to take the extreme step due to financial problems and alleged harassment by money lenders, said the police. The police have registered a case of murder and abetment to commit suicide against seven people, including the deceased couple for strangling their children.
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Pakistan's national carrier PIA on verge of shutdown as over 500 flights cancelled in 11 days
World | October 27, 2023 18:26 ISTThe Pakistan International Airlines is experiencing a grave financial crisis after the Federal Bureau of Revenue (FBR) froze all of its bank accounts due to non-payment of taxes. This crisis was further exacerbated when the Pakistan State Oil (PSO) cut off its fuel supply.
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Pakistan's cash-strapped national carrier runs out of fuel, 26 flights cancelled
World | October 22, 2023 21:39 ISTThe problems for PIA started when the Federal Bureau of Revenue froze all its bank payments in July for non-payment of dues. The airline's request for emergency funding and deferment of payments was also declined.
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China: Police detain employees of cash-strapped real estate developer Evergrande amid crisis
World | September 17, 2023 18:38 ISTThe real estate crisis in China exacerbated by Evergrande's failure to pay over $340 billion in debts has raised concerns of impacting global economy.
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UK's second-largest city Birmingham effectively declares itself bankrupt | Here's WHY
Business | September 10, 2023 12:12 ISTThe Birmingham City Council on Tuesday filed a Section 114 notice to halt all spending except on essential services - which will not cover statutory services.
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Rajasthan: Woman, son dies by suicide over financial crisis in Kota
Rajasthan | September 10, 2023 7:16 ISTKota suicide news: The mother-son duo lived in a flat on the third floor of a building in Borekheda police station area of Kota.
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Pakistan's cash-strapped national carrier grounds 11 aircraft due to severe financial crisis
World | August 22, 2023 21:26 ISTThree of the 11 grounded aircraft - including a Boeing 77, Airbus and ATR - are beyond repair due to lack of engines and other parts.
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New York Community Bank to buy failed Signature Bank for $2.7 billion
Business | March 20, 2023 8:02 ISTSignature Bank was the second bank to fail in this banking crisis, roughly 48 hours after the collapse of Silicon Valley Bank.
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Sri Lanka crisis: Presidential Secretariat resumes operations after 100 days
World | July 25, 2022 14:40 ISTSri Lanka crisis: The presidential secretariat which was occupied by the protesters from July 9 till Friday last is re-opened and the staff reported to work on Monday, officials said.
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Sri Lanka fuel crisis: Govt declares week-long holiday for schools from tomorrow
World | July 03, 2022 22:28 ISTThe government-run Ceylon Petroleum Corporation (CPC) stopped issuing fuel to any vehicle other than those involved in essential services.
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Cash-strapped Pakistan gets USD 8 billion in financial support from Saudi Arabia
World | May 01, 2022 15:52 ISTThe financial package includes doubling of the oil financing facility, additional money either through deposits or Sukuks and rolling over of the existing USD 4.2 billion facilities, The News reported.
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Cash-starved Sri Lanka imposes power cuts as crisis deepens
World | February 22, 2022 19:05 ISTElectricity will be switched off on a rotating basis between regions between 4:30 pm and 10:30 pm, according to officials. The state-owned Ceylon Electricity Board had requested permission for the cuts as fuel shortages had caused the loss of 541 MW to the national grid.
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Junior artists of films are facing financial crisis in lockdown
Entertainment | June 02, 2021 23:28 ISTAmid the second wave of Coronavirus, the shooting of films in Mumbai was stopped, due to which junior artists of films are facing financial crisis.
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'Facing financial crisis', college bus driver Deepa starts driving ambulance
News | August 06, 2020 10:27 ISTDeepa Joseph from Kozhikode who used to work as bus driver at a college has started driving ambulance after colleges were shut in view of COVID19.
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TV actor Ashiesh Roy on dialysis: I will have to stop because I will be left with no money
TV | June 12, 2020 17:02 ISTTV actor Ashiesh Roy, who has been suffering from kidney problems, has revealed that he will soon have to stop his dialysis as he will be left with no money.
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Goa economy hit by coronavirus scare, mining halt: GMPF
India | March 16, 2020 16:51 ISTWith coronavirus fears impacting the Goa's tourism sector, umbrella body of mining dependents GMPF on Monday sought immediate resumption of mining activities in the state which is already reeling under a financial stress due to mining halt.
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