China's debt clampdown raises risk of local government financial defaults

May 27, 2021

Beijing [China], May 27 : China's debt clampdown has raised the risk of a wave of defaults among the country's heavily indebted local government...

Ladakh administration revokes Sonam Wangchuk's HIAL land allotment over financial defaults

Sep 12, 2025

Once hailed as an innovator and the inspiration behind Bollywood's Phunsuk Wangdu, educationist-turned-activist Sonam Wangchuk is now at the centre of a major controversy...

Risks of China's local debt grows as govt scales back COVID-19 stimulus

May 02, 2021

Beijing [China], May 2 : As China has started scaling back the COVID-19 stimulus worth trillions of yuan launched last year, local government debt...

Sitharaman announces decriminalisation of Companies Act defaults

May 17, 2020

New Delhi [India], May 17 : In order to provide relief to the companies amid COVID-19 pandemic, Union Finance Minister Nirmala Sitharaman on Sunday...

RBI's proposed norm to disable phone service of loan defaulters will ease lender concerns and support growth: ICEA

May 22, 2026

The Reserve Bank of India's proposed draft framework allowing lenders to disable certain smartphone services in case of loan defaults is expected to ease...

Asia-Pacific corporates face escalating risks, defaults mount: Moody's

Mar 06, 2024

According to the report, by the end of 2023, the share of ratings with a stable outlook in the Asia-Pacific corporate portfolio had declined...