Financial Distress

Nirmala Sitharaman on Thursday said that, according to RBI, Kerala is one of the top five financially-stressed states in India, and alleged that this was due to the poor governance of successive UDF and LDF governments in the state.

The Commission found that negligence in the treatment by the dental surgeon destroyed the healthy teeth of the complainant and caused her mental distress and financial loss.

Pakistan International Airlines has resorted to widespread flight cancellation, leaving thousands of passengers in distress as the national flag carrier's financial situation went from bad to worse.

Cellular Operators Association of India Director General S P Kochhar on Thursday made a case for sharing profit between OTT players and telecom companies for using 5G networks. "While telcos carry their traffic of voice and data, majority of the use of these networks is done by OTT players who load these networks with massive amounts of data which...

The UK's second biggest city on Tuesday admitted that it cannot balance its books, blaming Conservative governments for years of under-funding.

China's economy, the world's second-largest, is now in deep distress and its successful model of growth for 40 years stands "broken", a prominent American financial publication has said.

In order to ensure maximum recovery from distressed assets, the Reserve Bank of India has allowed banks to go for compromise settlement of fraud accounts and wilful defaults.

Data breaches can prove expensive to users since hackers are bound to use the information for social engineering (advanced phishing), scamming, ransomware, spamming and marketing, causing users immense amount of distress and financial losses too in many cases. Here's how companies can protect their data from hackers and make it secured against data...

On behalf of the 17 senior BCCI scorers, Vivek Gupta appealed via an email to Sourav Ganguly, asking for help for the financially distressed section of Indian cricket's ecosystem.

After a second-year student died by suicide stating financial distress in the note left, many students and research scholars have come together forming groups on digital platforms asking the government to release their dues pending from a long time.

Due to widespread COVID-19, terrorists are making malevolent attempts to exploit the financial and emotional distress caused by lockdowns to disturb the cohesiveness of societies, India said at the 45th session of Human Rights Council.

Devika Rotawan, the girl who identified terrorist Ajmal Kasab in court after she was shot by the gunman during the 26/11 Mumbai attacks, faces severe financial distress and needs immediate assistance, Maharashtra MLA Zeeshan Siddique said Monday

Finance Minister Nirmala Sitharaman also said that COVID-19-related distress must not impact their assessment of borrowers' creditworthiness.

The Union Cabinet on Friday cleared a Rs 20,000-crore debt scheme to help stressed micro, small and medium enterprises (MSMEs) raise funds from financial institutions. The Distressed Assets Fund-Subordinate Debt Scheme is likely to benefit two lakh businesses, Minister of Heavy Industries and Public Enterprises Prakash Javadekar said after the Cabi...

The centre on Monday gave details on the steps taken to ease the financial stress caused by the coronavirus lockdown in rural areas.

Nirmala Sitharaman on Thursday said that, according to RBI, Kerala is one of the top five financially-stressed states in India, and alleged that this was due to the poor governance of successive UDF and LDF governments in the state.

The Commission found that negligence in the treatment by the dental surgeon destroyed the healthy teeth of the complainant and caused her mental distress and financial loss.

Pakistan International Airlines has resorted to widespread flight cancellation, leaving thousands of passengers in distress as the national flag carrier's financial situation went from bad to worse.

Cellular Operators Association of India Director General S P Kochhar on Thursday made a case for sharing profit between OTT players and telecom companies for using 5G networks. "While telcos carry their traffic of voice and data, majority of the use of these networks is done by OTT players who load these networks with massive amounts of data which...

The UK's second biggest city on Tuesday admitted that it cannot balance its books, blaming Conservative governments for years of under-funding.

China's economy, the world's second-largest, is now in deep distress and its successful model of growth for 40 years stands "broken", a prominent American financial publication has said.

In order to ensure maximum recovery from distressed assets, the Reserve Bank of India has allowed banks to go for compromise settlement of fraud accounts and wilful defaults.

Data breaches can prove expensive to users since hackers are bound to use the information for social engineering (advanced phishing), scamming, ransomware, spamming and marketing, causing users immense amount of distress and financial losses too in many cases. Here's how companies can protect their data from hackers and make it secured against data...

On behalf of the 17 senior BCCI scorers, Vivek Gupta appealed via an email to Sourav Ganguly, asking for help for the financially distressed section of Indian cricket's ecosystem.

After a second-year student died by suicide stating financial distress in the note left, many students and research scholars have come together forming groups on digital platforms asking the government to release their dues pending from a long time.

Due to widespread COVID-19, terrorists are making malevolent attempts to exploit the financial and emotional distress caused by lockdowns to disturb the cohesiveness of societies, India said at the 45th session of Human Rights Council.

Devika Rotawan, the girl who identified terrorist Ajmal Kasab in court after she was shot by the gunman during the 26/11 Mumbai attacks, faces severe financial distress and needs immediate assistance, Maharashtra MLA Zeeshan Siddique said Monday

Finance Minister Nirmala Sitharaman also said that COVID-19-related distress must not impact their assessment of borrowers' creditworthiness.

The Union Cabinet on Friday cleared a Rs 20,000-crore debt scheme to help stressed micro, small and medium enterprises (MSMEs) raise funds from financial institutions. The Distressed Assets Fund-Subordinate Debt Scheme is likely to benefit two lakh businesses, Minister of Heavy Industries and Public Enterprises Prakash Javadekar said after the Cabi...

The centre on Monday gave details on the steps taken to ease the financial stress caused by the coronavirus lockdown in rural areas.