debt crisis
Madhya Pradesh's Rs 62,944 Crore Food Supply Crisis: Debt Burden and Rotting Grain Expose Systemic Failures
Dec 02, 2025 02:08 pm CST
Madhya Pradesh's food supply system faces critical challenges with the State Civil Supplies Corporation struggling under a Rs 62,944 crore debt while paying Rs 14.17 crore daily in interest. Nearly 940 tonnes of paddy has been rotting in warehouses for over a year, creating health hazards for nearby communities and revealing serious lapses in storage management and policy implementation.
World Economic Forum Chief Warns of Three Major Financial Bubbles: AI, Crypto, and Debt
Nov 06, 2025 12:26 am CST
The President of the World Economic Forum, Borge Brende, has issued a warning about three potential financial bubbles—cryptocurrency, artificial intelligence, and debt—amidst recent declines in global technology stocks. While offering caution against market volatility, Brende also highlighted AI's dual potential to enhance productivity while threatening white-collar jobs across major cities.
Tragic Family Murder-Suicide in Chennai: Man in Debt Takes Lives of Wife and Sons Before Ending His Own
Oct 22, 2025 07:36 pm CST
A 45-year-old man in Chennai allegedly murdered his wife and two young sons before taking his own life, with police investigation pointing to financial debt as the likely motive. The family had recently relocated to Injambakkam, and authorities are awaiting post-mortem results to determine the exact causes of death in this tragic case highlighting the severe consequences of financial distress.
IMF Chief Praises India's Bold Economic Reforms as Key Global Growth Engine Amid International Challenges
Oct 14, 2025 02:43 pm CST
IMF Chief Kristalina Georgieva has praised India's bold economic reforms including digital identity implementation, tax system overhauls, and digital payment infrastructure during the IMF's semi-annual gathering. While forecasting 6.5% growth for India in 2025-26, she contrasted India's rising economic influence with China's deceleration and expressed concerns about global debt issues affecting developing nations and potential disruptions from renewed US-China trade tensions.