At the Skybridge Capital SALT New York 2021 conference, Ray Dalio, co-chairman of Bridgewater Associates, highlighted the significant amount of debt still facing the U.S. economy. With the Federal Reserve’s recent interest rate cut, concerns are raised about balancing the needs of creditors and debtors. Dalio emphasized the unprecedented levels of debt being created by…
China’s economy is facing a slowdown due to a real estate slump that has impacted local government finances and debt. The drop in property values and reduced land purchases by developers are affecting revenue at the district and county level. Local governments are struggling to recover financially, leading to efforts to claw back tax revenue…
The Kerala State government has appointed Justice (Retd) K. Abraham Mathew as the chairman of the reconstituted Kerala Farmers’ Debt Relief Commission. The panel also includes six other members, including an agriculture expert and representatives from the farming and cooperative sectors. The Commission, established in 2012, aims to provide relief to farmers burdened by debt,…