Karnataka govt releases Rs 200 crore for rain relief, rehabilitation

As torrential rains continue to batter many parts of Karnataka on Saturday, the State government released Rs 200 crore to take up relief and rehabilitation operations, even as Chief Minister Basavaraj Bommai instructed constitution of two more State Disaster Response Force (SDRF) contingents. The Chief Minister, who has tested COVID-19 positive, held … Read more

China agrees landmark debt relief deal for Zambia

Zambia’s official creditors led by China have agreed to provide debt relief to the southern African nation, paving the way for an IMF bailout and setting a precedent for how Beijing could work with other lenders to tackle the threat of a wave of defaults across emerging markets. A committee of creditors co-chaired by China … Read more

Experts expect some inflation, CAD relief after US Fed hikes rates

India may get some relief on the retail price inflation and current account deficit (CAD) fronts in the current financial year following the US Federal Reserve’s move to hike its key benchmark interest rate by 75 basis points (bps). “If aggressive US Fed tightening brings down commodity prices, it … Read more

CFPB urges student loan servicers to help military personnel get debt relief

The clock is ticking for military service members to apply for student loan forgiveness, and the Consumer Financial Protection Bureau is calling on student loan servicers to take the initiative to help identify eligible borrowers. In a blog post published Monday, the CFPB urged student loan servicers to help military borrowers submit their Public Service … Read more

TN sends over 40,000 tonnes of relief material to crisis-hit Sri Lanka

The Tamil Nadu government on Saturday dispatched another round of essential items to the economic crisis-hit Sri Lanka, sending over 40,000 tonnes of relief material since May. Chief Minister M K Stalin had earlier moved a resolution in the state Assembly to send humanitarian aid to the island republic. … Read more

Sonia Gandhi is facing speech issues, may seek relief from ED: Report

Congress leader Priyanka Gandhi Vadra may reach the ED office with Sonia Gandhi’s medical documents to seek some relief for her mother as she is facing speech issues, sources in the Enforcement Directorate (ED) said on Thursday. Sonia Gandhi is scheduled to appear before the ED on Thursday in … Read more

SC relief for Nupur Sharma, gets interim protection from arrest till Aug 10

The Supreme Court Tuesday granted suspended BJP spokesperson Nupur Sharma protection from coercive action in connection with FIRs/complaints filed against her in several states over her remarks on the Prophet made during a TV debate show. A bench of Justices Surya Kant and J B Pardiwala, while taking note … Read more