Debt Burden

Maharashtra loan waiver: BJP calls its decision 'bold, historic' even as Congress slams Devendra Fadnavis govt for delay

The politics surrounding the farm loan waiver refuses to die down as the BJP on Tuesday termed its loan waiver decision as a bold, courageous and historic one while the Opposition Congress-NCP slammed the government for the inordinate delay in announcing it.

Madhya Pradesh farmers' protest: Punjab peasants to follow suit, launch agitation on 12 June

Amid protests in Madhya Pradesh, farmers in Punjab have decided to launch a statewide agitation on 12 June to press for debt waiver and implementation of the Swaminathan Commission's report.

US stocks rally on hopes that the 'fiscal cliff' will be averted

Republicans concede that they will have to agree to increase tax revenues, and Democrats say they will agree to more spending cuts, but they are still divided over which route to take.

Moody's downgrades Spain by two notches on funding risks

Worsening growth prospects for the euro zone will also make it more challenging for Spain to reach its ambitious fiscal targets, the ratings agency added. Spain could be downgraded again if the euro zone debt crisis escalates further, Moody's warned.