In Debt
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What are the real costs of India’s high levels of public debt?
High expenditures on interest payments mean fewer resources for countercyclical fiscal policies and social spending in critical areas.
Prachi Mishra & Nikhil Patel
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Why are US millenials $1 trillion in debt despite being better savers than previous generations?
America’s youth have experienced the cosmic duality of yin and yang like few other generations.
Jimmie Lenz, The Conversation
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Tamil Nadu has stringent laws against moneylending at exorbitant rates. Why does it persist then?
The widespread problem is finally receiving attention after last week’s self-immolation of a daily wage labourer’s family in Tirunelveli.
Vinita Govindarajan
Trending
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Expelled BJP Minority Morcha leader Usman Ghani arrested in Rajasthan
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Canada: Amid anti-immigration rhetoric, curbing international students is a knee-jerk reaction
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Why Calcutta HC struck down 25,000 teachers’ appointments and how it could impact the election
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By mixing Carnatic and Hindustani, Mysore’s kings helped create a unique body of music
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We will leave India if told to break encryption: WhatsApp tells Delhi HC
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India is borrowing more and more to pay its existing loans, and that could wreck development dreams
The government has set up a cell to manage India's public debt and expects better results than those achieved by the Reserve Bank and the Finance Ministry.
Mayank Jain
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India Inc is sunk in bad debt – and unlikely to pay up
Banks are swimming in loans to corporates that are on the verge of collapse.
Mayank Jain
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Vijay Mallya says he is in 'forced exile', has no plans to return to India
In an interview with the 'Financial Times', the businessman said the current dissent against him in the country made him wish to stay safe in the UK.
Scroll Staff
Video
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Watch: K-Pop singer Aoora sings in Assamese as he collaborates with Nilotpal Bora in a new folk song
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Watch Anu Malik and Sonu Nigam’s impromptu performance of ‘Main Hoon Na’ at Farah Khan’s home
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Watch: Doordarshan newsreader faints on live TV in Kolkata owing to severe heat
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Watch: Spice Girls sing ‘Stop’ as bandmates reunite to celebrate Victoria Beckham’s 50th birthday
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Watch: Over 350 ballerinas come together to break the world record for standing on tip toes
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Centre writes to UK High Commission seeking Vijay Mallya’s deportation
This is to ensure his presence in India during the investigation of the money-laundering case against him, said the Ministry of External Affairs.
Scroll Staff
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Vijay Mallya convicted in cheque-bouncing case by Hyderabad court
GMR Hyderabad International Airport Ltd had sued the former liquor baron after cheque payments amounting to Rs 2 crore did not go through.
Scroll Staff
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Non-bailable warrant issued against Vijay Mallya by Mumbai court for money laundering
The court rejected an application moved by Kingfisher Airlines that the allegations levelled against Mallya by the Enforcement Directorate were false.
Scroll Staff
The Reel
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Aditi Rao Hydari on playing diverse characters: ‘I want the audience to take me home with them’
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The story of India’s unique ‘Milk Revolution’ is going to the Cannes Film Festival
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The story behind the ‘Kuch Kuch Hota Hai’ title track: ‘Just write very simple poetry’
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‘Juna Furniture’ review: A simplistic crusade against the neglect of senior citizens
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‘Late Night with the Devil’ review: A deft satire on the price of success
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SC asks Vijay Mallya to deposit 'substantial amount', after banks reject loan-repayment proposal
The apex court also asked the 60-year-old businessman's lawyers to inform the bench when he is returning to India.
Scroll Staff
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Vijay Mallya barred from accessing the Rs 515 crore he got from selling his business to Diageo
The Debt Recovery Tribunal said he can get the money only after a suit against him for unpaid loans of Rs 7,000 crore is settled, while earlier in the day, the Enforcement Directorate filed a separate case in his name.
Scroll Staff
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Kerala’s new gambit: state will pay interest on farmers' loans
Finance Minister K. M. Mani announced that the government will pay the entire interest payable by farmers on every loan where the farmer repays the principal on time.
IndiaSpend Team
The Field
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IPL 2024: Jake Fraser-McGurk’s whirlwind knock powers Delhi Capitals to win over Mumbai Indians
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Athletics, Asian U20 C’ships: Harshit Kumar wins hammer throw gold as India’s medal tally increases
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Archery, World Cup Shanghai: Indian compound archers sweep all three team event gold medals
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IPL 2024: Jonny Bairtsow shines as Punjab Kings beat Kolkata Knight Riders in record-breaking match
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IPL 2024: ‘Save the bowlers’ – Reactions as Punjab chase down record total against Kolkata